LC Insight
Friday, November 13, 2026Read the chain, not the rumors.

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USDC news and analysis from LC Insight: 18 stories, newest first.

Markets

USDC shrank $361 million in a day as bitcoin fell below $70,000. USD1 lost 2%

The 20 biggest stablecoins lost $559 million in value in 24 hours, and Circle's USDC was most of it, CoinGecko data show. Tether's USDT barely moved this time, while a few smaller dollar tokens grew.

AI & RWA

Deutsche Bank custody site says bitcoin, ether and 3 stablecoins are available in Germany

Germany's largest bank says its digital asset custody is available to Corporate Bank clients in Germany. Retail customers are not part of it.

Markets

Stablecoins lost $13.4 billion in 30 days. USDT alone shrank $8.3 billion

CoinGecko data shows the three biggest dollar tokens all got smaller since mid-October. Tether's USDT fell every week, and November 11 was its worst day of the month.

Markets

Stablecoins shrank $1.25 billion in a day. USDT and USDC on Ethereum fell $1.06 billion

The eight biggest dollar stablecoins lost $1.25 billion in 24 hours and $4.86 billion in a week, DefiLlama data show. Ethereum and Hyperliquid shed the most, while USDC grew on Solana, Arbitrum and Base and USDT grew on Plasma.

Markets

World Liberty's USD1 shrank 22% in 30 days, and USDC lost another $205 million on Monday

USD1 fell from $4.26 billion to $3.32 billion in a month, CoinGecko data shows. USDC kept leaking too, while USDT held flat for a second day.

Policy

Nigeria sets a ₦15 billion floor for dollar stablecoin issuers and bans algorithmic coins

The Central Bank of Nigeria's new rules say foreign-currency stablecoins can reach Nigerians only through a locally licensed issuer. A foreign license does not count, and peer-to-peer desks need the bank's approval.

DeFi

An Avalanche shark swapped $1.45 million of Aave USDC deposits for Benqi's in two trades

DeepSea logged the switch as both the second-largest net shark buy and the second-largest net shark sell of the day across all chains. The wallet's closed trades in the last 30 days: five, all winners.

DeFi

The shark that took $10 million out of Aave on Arbitrum put $8.32 million back

A day after one wallet drove an $8.35 million net outflow from Aave's USDC pool, it bought back almost all of it. The 7-day net is now just minus $27,800.

Markets

Stablecoin supply shrank $5 billion in six days. USDT fell the most

DefiLlama shows the total supply of dollar stablecoins fell every day from October 30 to November 5, the day bitcoin dropped below $76,000. Tether's USDT supply fell $2.76 billion in a week.

DeFi

Two sharks ran $51.7 million through Aave's USDC pool on Arbitrum. Net $8.35 million out

DeepSea's 24-hour feed shows $30 million of Aave's USDC receipt token sold and $21.65 million bought. One wallet did most of the round trip.

DeFi

Compound's fourth retreat in a month: a vote to pull 90 ETH and 42,000 USDC off Unichain

A Compound DAO vote closing November 3, with no votes against so far, would send reserves from its deprecated Unichain markets back to Ethereum. A bigger 534,530 USDT withdrawal from Polygon was filed and canceled within an hour.

Infrastructure

Send USDC on 12 blockchains, get dollars: OnePay adds Stripe-powered checking deposits

Since October 30, 2026, select US OnePay customers can send USDC from an outside wallet straight into OnePay Checking. Stripe's Bridge converts it to dollars with no conversion fee at launch, but the coins are not FDIC insured on the way in.

AI & RWA

Circle and ACI want banks to settle in USDC on rails they already run. First: Colombia

ACI Worldwide, which built the core of Colombia's Bre-B instant payment system, will plug Circle's USDC into its payments platform for a Colombian pilot. The two companies gave no volumes, no bank names and no launch date.

Guides

Stablecoins explained: USDT vs. USDC, the two coins that hold 87% of the market

Stablecoins are tokens built to stay worth $1, backed by reserves such as cash and short-term US government debt. As of November 2, 2026, Tether's USDT ($178.48 billion) and Circle's USDC ($70.68 billion) made up about 87% of a $285.89 billion market, per rwa.xyz.

Exchanges

Coinbase made $719 million in Q3. Almost all of it came from its own crypto pile

Coinbase swung from a $359 million loss to a $719 million profit, but $715 million of that was a paper gain on crypto it holds. Retail spot trading volume fell 59% in a year, while prediction markets passed $200 million a year in revenue.

DeFi

Circle earned $1.4 billion and kept about 7 cents per dollar. Where did the rest go?

Circle says 59% of its first-half 2026 revenue went to the exchanges and apps that distribute USDC. A September filing shows how one of those deals, with Binance, works.

Policy

USDC is the first of 45 EU stablecoins called 'significant.' What changes on November 12?

The European Banking Authority has classified Circle's USDC as a significant e-money token under MiCA, the first in the EU. From November 12, 2026, the EU banking watchdog takes direct charge of the reserves that back it.

Infrastructure

Circle's Arc is live with Visa and BlackRock as validators. Why mint 10 billion ARC?

Circle opened Arc, its own blockchain where every fee is paid in USDC, on September 16. It also minted 10 billion ARC tokens, yet says there is no promise of a public token launch.