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According to Forbes, venture capitalist Alex Lazarow wrote that in the past two years, Stripe, Mastercard, and Circle have acquired American stablecoin infrastructure company Bridge, British BVNK, and Singapore cross-border payment platform Tazapay, respectively, with a total transaction value exceeding $3 billion. These three companies were established between 2020 and 2022, raising a total of approximately $200 million, indicating that stablecoin payment infrastructure is becoming a field where traditional payment giants and cryptocurrency companies are competing to establish a presence.Among them, Stripe announced in 2024 that it would acquire Bridge for slightly over $1 billion; the total value of Mastercard's acquisition of BVNK could reach up to $1.8 billion, including $1.5 billion in base consideration and $300 million in contingent consideration; Circle agreed to acquire Tazapay for $400 million in stock, with the transaction expected to be completed in 2027. The growth in stablecoin adoption, the gradual clarification of regulatory frameworks, and the rising demand for real-time cross-border payments are the main factors driving mergers and acquisitions.Data shows that in 2025, the adjusted transaction volume of stablecoins is expected to grow by 91% year-on-year, reaching $10.9 trillion, close to Visa's $14.2 trillion; the scale of real-world payments is expected to more than double, reaching approximately $390 billion. These transactions reflect that acquirers value not only stablecoin technology but also verified business scale, payment networks, and compliance qualifications.As stablecoin payment infrastructure matures, applications such as dollar accounts, stablecoin payment cards, and cross-border remittances are also emerging, and in the future, more local infrastructure companies similar to Bridge and BVNK may be acquired in various regions around the world.

According to on-chain data platform SolanaFloor (@SolanaFloor), in the past 7 days, Circle minted approximately 3.5 billion USDC on Solana.

According to the 21st Century Business Herald, the Chaoyang Branch of the Beijing Public Security Bureau reported that it has recently filed a case for investigation into the suspected illegal activities of related companies of Yixin. Currently, several criminal suspects, including the actual controllers Tang and Zhao, have been subjected to criminal coercive measures in accordance with the law.Yixin Group had previously fully suspended the redemption of quasi-fixed income products on May 22 and issued an apology letter to relevant investors on October 11. Yixin stated that the group has incurred significant losses in multiple businesses, and the market value of asset disposal is relatively low. Preliminary findings indicate that the group may be insolvent and has a significant debt repayment gap.

According to Whale Alert monitoring, at 10:53 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana network.

Circle's Layer 1 blockchain Arc announced in a post on platform X that MoonPay is now live on Arc. Over 30 million users of MoonPay can purchase USDC through credit cards, Apple Pay, Google Pay, bank transfers, and more, directly transferring to the Arc network, providing a consumer funding channel for wallets, applications, and developers on Arc.

According to Whale Alert monitoring, at 20:44 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana network.

The perpetual contract trading platform Extended announced that it will migrate its settlement network to Arc, a Layer 1 blockchain built for financial markets by Circle. The migration is scheduled to take place during the week of October 19, 2026, with specific timing to be announced closer to the date, and trading will continue during the migration. Accounts, sub-accounts, positions, orders, transaction history, points, and keys will remain unchanged.If any sub-account holds USDT or wBTC valued over 1 USD, users must convert or withdraw by 12:00 UTC on October 21, 2026, as these two assets will not exist on Arc. In-app conversion to USDC or cirBTC will be available at a 1:1 ratio, with Extended covering a 0.50% premium and no exchange fees; the premium will be credited within 8 hours after migration. Recharge for these two assets has been closed since 16:00 UTC on the announcement date. ETH will be automatically converted to wETH on Arc at a 1:1 ratio, and USDC will migrate as native USDC.Recharge and withdrawal are expected to be paused for no more than approximately 2 hours during the migration, while transfers between sub-accounts will remain available. If the relevant assets exceed 1 USD and the deadline is missed, the entire account will be restricted during processing, and the relevant sub-account positions will be liquidated at the mark price at the time of processing without any fees. The Arc mainnet will go live on September 16, 2026, with institutions such as BlackRock, DTCC, ICE, Visa, and Mastercard as its founding validators.

Samsung Electronics America announced that Samsung Wallet will launch a stablecoin wallet feature for eligible Galaxy users in the United States in the last week of October, initially supporting the US dollar stablecoin USDC, with blockchain infrastructure partner Sui. This feature will cover 82 million Galaxy devices in the U.S., launching first in the U.S. and later expanding to other markets.Sui's gas-free stablecoin transfers allow USDC to be transferred on Sui with zero network fees, enabling users to complete transactions without needing to purchase or hold SUI first. Initially, USDC is the only supported asset, and SUI tokens are not supported. Woncheol Chai, head of the digital wallet team for Samsung Electronics' mobile experience business, stated that introducing USDC transfers into Samsung Wallet allows eligible Galaxy users to use it without installing other applications or managing private keys themselves.Native USDC will go live on Sui in 2024, followed by integration with Circle's cross-chain transfer protocol. Since August 2025, Sui has processed over $1 trillion in stablecoin transfer volume and continues to enhance payment infrastructure and stablecoin integration in markets such as Africa, Europe, Asia, Latin America, and North America.

Circle announced a partnership with Tereina, a financial services company supported by SAP, to integrate its USDC and EURC stablecoins into enterprise payment processes. Companies using SAP financial software can directly send and receive USDC and EURC within their applications used for managing payments. USDC will serve as the preferred stablecoin for dollar-denominated transactions, while EURC will be used for euro-denominated payments.Tereina provides payment infrastructure that can be embedded in enterprise software, allowing companies to complete payments without switching to a separate financial platform. Both parties stated that they plan to test the stablecoin integration solution with customers in the coming months, covering global payment and cash management operations. According to the announcement, the SAP ecosystem supports 84% of global business activities, which brings extensive enterprise reach potential for this integration.This collaboration comes less than a month after Circle launched its Layer 1 blockchain Arc mainnet, focused on stablecoin payments and financial markets. Arc uses USDC to pay transaction fees and supports over 20 fiat-backed stablecoins, including USDC and EURC.

OKX founder and CEO Star posted that he welcomes Circle, Ripple, and SC Ventures as investors in OKX. OKX is not raising funds due to financial needs but is choosing to bring in strategic partners who share a long-term vision consensus with OKX in areas such as stablecoins, payments, institutional markets, and next-generation financial infrastructure.ChainCatcher previously reported that, according to Bloomberg, the cryptocurrency exchange platform OKX completed a new round of financing with a valuation of $25 billion, with existing partners and hedge fund Qube Research & Technologies participating in the investment.OKX stated that Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered Bank, all participated in this round of financing. OKX declined to disclose the specific amount of financing but indicated that this round is an extension of the financing from March of this year. At that time, the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), invested approximately $200 million in OKX at the same $25 billion valuation.

According to Bloomberg, cryptocurrency exchange platform OKX has completed a new round of financing with a valuation of $25 billion, with existing partners and hedge fund Qube Research & Technologies participating in the investment.OKX stated that Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered Bank, all participated in this round of financing. OKX declined to disclose the specific amount of financing but indicated that this round is an extension of the financing from March of this year. At that time, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invested approximately $200 million in OKX at the same valuation of $25 billion.

Payment infrastructure company Modern Treasury has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Modern Treasury National Trust Bank, operating as a federally regulated limited-purpose national trust bank, providing digital asset custody and related fiat services.If the application is approved, the bank will allow Modern Treasury customers to custody and transfer stablecoins and fiat through integrated services, but it will not issue stablecoins or provide loans. Modern Treasury co-founder and CEO Matt Marcus stated that stablecoins are the foundational economic infrastructure of the future, and the company has fully integrated stablecoins into its payment platform.Modern Treasury stated that the proposed bank will operate separately from its existing payment business, which has processed over $600 billion in payments among hundreds of institutions. This application comes at a time when crypto and payment companies are competing for national trust bank licenses, with Bastion and Ripple having received conditional approvals, Circle and BitGo having received final approvals, and Kraken's parent company Payward, Zerohash, and Block also having submitted applications.

According to SolanaFloor monitoring, Circle has minted approximately 2.75 billion USDC on Solana in the past 7 days.

Circle, the issuer of USDC, submitted a proposal to the European Commission advocating for the revision of the rules regarding overseas stablecoins in the Markets in Crypto-Assets Regulation (MiCA) and the establishment of a recognition mechanism for overseas issuers. Circle suggested that overseas stablecoin issuers should primarily be regulated by their home jurisdiction's regulatory authorities, and after obtaining equivalence recognition from relevant parties and the European Banking Authority (EBA), local licensed entities in the EU would be responsible for distribution.This mechanism also allows euro stablecoins to circulate in overseas jurisdictions. Circle also requested the removal of the requirement for electronic money token issuers to hold 30% of reserve assets in commercial banks; the proportion for "significant" electronic money tokens is 60%. The company believes that this requirement increases exposure to credit risk and counterparty risk in the banking sector.

Circle disclosed that it has responded to the European Commission's targeted consultation on MiCA. Circle stated that MiCA has provided a first-mover advantage for Europe, with approximately 30 types of electronic currency tokens authorized. However, among the top 25 stablecoins by global market capitalization, only 3 are regulated by MiCA, namely USDC, USDG, and EURC, indicating a gap in the regulatory scope of MiCA that fails to cover the largest global tokens.Circle suggests maintaining a multiple issuance structure, where globally circulating stablecoins are jointly issued by EU entities authorized under MiCA and foreign regulatory entities. It also recommends establishing an equivalence and recognition system for foreign regulatory stablecoins similar to EMIR, CSDR, and MiFIR, with the regulatory authority of the issuer's jurisdiction primarily responsible for supervision, while the EU level conducts equivalence recognition and EBA entity approval. Regarding reserve requirements, Circle believes that MiCA's requirement for issuers to deposit at least 30% of reserve assets in commercial bank deposits will increase bank credit and counterparty risk, supporting the European Central Bank to reconsider this requirement, and suggests removing two concentration rules from the EBA technical standards.

According to Whale Alert monitoring, the USDC Treasury address minted 250 million USDC on the Solana chain, worth approximately 250 million USD.

On-chain data shows that at 9:37 AM Beijing time today, USDC Treasury minted an additional 250 million USDC on the Solana network.

Circle has partnered with payment technology company Volante Technologies to integrate USDC-related workflows into Volante's existing payment platform. Financial institutions can incorporate stablecoin payments and settlements into their existing systems without having to build a separate digital asset technology stack.Volante's clients include four of the top five corporate banks globally and seven of the top ten banks in the United States. These institutions will be able to evaluate processes such as USDC minting, redemption, wallet registration, fund injection, and inter-wallet payments, and use them in parallel with existing payment rails.

Stablecoin issuer Circle Internet Group (NYSE: CRCL) disclosed in an 8-K filing submitted on September 25 that co-founder P. Sean Neville has resigned from the board for personal reasons, effective immediately, reducing the board size from 8 to 7 members.On the same day, Chief Financial Officer Jeremy Fox-Geen notified the company of his intention to resign, but will remain until the end of 2026 to assist with the transition. Circle has engaged an executive search firm to find successors. The company stated that the departures of both individuals were not due to disagreements regarding the company's operations, policies, or practices.