Aave community member EzR3aL initiated a temperature check proposal on the governance forum to add native USDC to the Aave V3 Base market. Currently, the Aave V3 Base market only supports the bridged version of USDC called "USDbC". As of November 23, the supply of USDC on Base was 159 million, while the supply of the bridged version was approximately 74 million. Coinbase supports both assets and converts USDbC to USDC when users withdraw from Coinbase, causing the supply of USDbC to decrease over time.

According to user X @ai_9684xtpa, who is monitoring it, the whale who shorted LINK on October 31 added 50,000 USDC collateral to Aave and borrowed 10,000 LINK, and then continued to short LINK in a loop by "selling LINK for stablecoins, increasing collateral, and borrowing LINK." The last sell was six hours ago. Currently, there are 50,000 LINK to be repaid, and the health factor is 1.22.

Whale Alert monitoring reported that at 07:25:11 Beijing time today, USDC Treasury minted 50,000,000 USDC.

According to Spot on Chain data, an address starting with 0xd08 sold all of its approximately 6.042 million RLB holdings 12 and 8 hours ago at an average price of $0.208, in exchange for 1.26 million USDC. Data shows that the same address purchased these RLB for an average price of $0.128 and 774,000 USDC on October 11, realizing a profit of $485,000 (+62.6%) from this sale.

Cross-chain bridge Allbridge has announced the integration of its Allbridge Core with Circle's cross-chain transfer protocol (CCTP). This update enables Allbridge Core users to benefit from minimum slippage cross-chain transfers on all USDC routes that support CCTP. The new swapping options will provide support for USDC transfers between Avalanche, Arbitrum, and Ethereum.

Data tracked by blockchain analysis company Glassnode shows that for the first time in over a year, funds have flowed into the cryptocurrency market through stablecoins or tokens pegged to the US dollar. The 90-day net change in supply of the top four stablecoins - Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI) - has turned positive, marking the first occurrence since the Terra crash in mid-May 2022.

Matthew Sigel, head of digital asset research at VanEck Associates, said he is unsure if Circle will conduct an IPO until USDC's market share stabilizes. Earlier, Golden Finance reported that Circle Internet, a stablecoin issuer, is considering an IPO in 2024. Insiders revealed that the company is in discussions with advisors and preparing for a potential initial public offering, but the deliberations are still ongoing.

According to Coingecko data, the current market value of Solana has reached about 24.17 billion US dollars, surpassing USDC, and currently ranks sixth in the cryptocurrency market value rankings, second only to Bitcoin, Ethereum, Tether, BNB and XRP. At the time of writing this article, SOL was temporarily reported at 57.57 US dollars, with a 30-day increase of 163.1%.

According to Whale Alert monitoring, at 11:52 PM on November 13th Beijing time, USDC Treasury destroyed 55 million USDC tokens ($54,978,000).

Solana lending protocol Solend announced on X platform that some updates to the main pool will take effect today: - The LTV of USDC and USDT will be updated from 65% to 70%; - The effective LTV of LST will be updated to 55%; - The borrowing initiation fee for SOL will be temporarily reduced to 1 basis point for 24 hours (with a cap of 200,000).