What top creators are saying about USD Coin(USDC)— Page 8

Over $2.2 billion was moved by institutional players, indicating significant use as a transfer asset.

Viewed negatively as an underutilized asset, with billions 'sitting idle' on Hyperliquid. It represents a 'low-hanging fruit' opportunity for the new USDH stablecoin to capture by migrating users away from USDC.

Used as a benchmark example of a permissionless bearer instrument that can be freely used in DeFi protocols, a model Ondo's tokenized assets follow.

Seen as a crucial and pragmatic bridge between the crypto world and the real world, essential for practical applications like spending crypto via cards.

Circle, the issuer, is launching its own Layer 1 blockchain called Arc, which will use USDC for gas fees. This represents a major infrastructure play that could entrench USDC's dominance, though Circle faces community pressure on revenue-sharing.

The goal of the new USDH stablecoin is to directly compete with and replace USDC's market share on Hyperliquid. Its past de-peg during the SVB crisis is cited as a key risk and a reason for replacement.

Faces a significant business risk of being replaced on Hyperliquid, potentially losing a $5.5 billion market and associated revenue. Its issuer's (Circle) initial proposal to compete has reportedly 'fallen flat' with the community.

There is ~$5.5 billion in USDC on the Hyperliquid platform, generating over $200 million in annual 'leaked revenue' that the Hyperliquid ecosystem aims to capture for itself.

USDC is described as a fundamental and critical piece of infrastructure for making crypto payments practical. Its growing adoption is a strong indicator of the health and utility of the broader crypto payments ecosystem.

Positioned as a major branded, external stablecoin expected to continue growing as the overall stablecoin market expands into the trillions of dollars.

Viewed as Ethena's primary competitor whose business model is challenged when traditional interest rates fall, unlike USDe.

Significant expansion into the Hyperliquid ecosystem, emphasizing 'hyper fast native USDC with deep and nearly instant cross-chain interoperability', which is expected to increase its utility and adoption.

The growth in market cap of stablecoins like USDC is highlighted as a primary driver of demand and utility for the Ethereum network, rather than as a direct investment for appreciation.

Could experience a 7% hit to its outstanding supply due to a potential swap to USDH on the Hyperliquid platform, which holds $5.5 billion in USDC deposits.

Distributed as a weekly payout to over 3,000 creators on the Base app, highlighting its use in creator economy reward distribution.

USDC can be deposited into protocols like Euler and Morpho on Arbitrum to earn high yields (10-15% APY) through the DRIP incentive program, described as a 'pretty low risk' and simple strategy.

Over $12,000 in USDC was distributed to creators on the Base app, highlighting its use in creator reward payouts.

Presents a yield opportunity on the RE Protocol, which offers up to 8-16% APY on stablecoins through various strategies.

Considered a systemic risk ('ticking time bomb') for DeFi due to hack potential. Its value is also subject to control by the US government, which can seize its backing assets, creating a conflict with on-chain decentralization.

Mentioned as a key stablecoin with strong global demand and utility, particularly in emerging markets as a store of value and for commerce. Kraken remains agnostic and supports it.

Mentioned as a key stablecoin for which Rain is building payment infrastructure, with growth driven by increasing regulatory clarity in the U.S. and Europe.

Mentioned as an example of a stablecoin, which is described as the 'embedded finance layer' of the internet, crucial for disrupting industries like remittances and reinforcing the US dollar's global role.

Described as a utility for traders to 'stable out' and cash out winnings from highly speculative altcoin trading, effectively taking risk off the table.

Presented as a primary and immediate use case for Web3, enabling 'instant settlement of payments' without the delays and costs of the traditional banking system. Its adoption growth is a direct indicator of blockchain technology being used for practical, real-world financial transactions.

Its significant issuance ($25 billion in 2024) on the Solana network is a bullish fundamental catalyst for Solana, demonstrating the network's growing dominance for stablecoin transactions.

Mentioned as a major stablecoin that the new US1 stablecoin is designed to compete with.

Recommended as a dominant player to stick with based on the 'Winners take most' principle, as the overall stablecoin supply is rapidly growing and fueling the crypto market.

Mentioned as the currency used to purchase USELESS coin.

Praised for its 'US Dollar Coin' branding which builds trust, and its successful partnership with Coinbase. Seen as a key player with strong institutional backing in the 'stablecoin wars'.

Mentioned as a required asset for placing bets on prediction market platforms like Polymarket. While disliked by crypto natives, its use is seen as what the mass retail market likely prefers, making it a key utility for mainstream adoption.

A judge has unfrozen $57.6 million in USDC associated with the Libra meme coin scandal, allowing promoters to access their assets.

Mentioned as part of the major trading pair ETH/USDC on the Unichain L2, highlighting its role in providing deep liquidity for decentralized trading.

A recommended strategy is to keep 10% to 20% of your crypto portfolio in stablecoins to have cash ready to deploy during dips.

Used as an example of an asset that can be borrowed within a lending protocol.

The central stablecoin in the discussion, with its issuer (Circle) building a dedicated blockchain for it. The text also highlights the systemic risk its smart contract poses to the Ethereum ecosystem.

The native gas token for Circle's new L1 ARC Chain, which is focused on stablecoins and FX payments. The launch of the chain is seen as a significant new phase of corporate adoption.

Described as a transformative technology for global banking that will help maintain the U.S. dollar's status as the world's reserve currency, with legislative tailwinds supporting adoption.

Recognized as a highly successful stablecoin that has prioritized liquidity and user-friendliness, leading it to massively outcompete decentralized alternatives.

Recommended alongside USDT as an on-ramp into the crypto market, allowing users to convert fiat currency into a stable digital asset to deploy when buying opportunities arise.

Recommended alongside USDT as a stablecoin for beginners to use as a gateway for purchasing other crypto assets.

Mentioned as a currently dominant stablecoin in a market that is projected to grow to $2 trillion by 2028 and is facing new challengers.

Mentioned as a stablecoin that can be spent privately and non-custodially via the new Payy Link physical crypto card, which uses ZK-proofs for enhanced privacy.

USDC is a key driver for Coinbase's subscription and services revenue, and partnerships with major firms like JPMorgan and Shopify are embedding it into traditional finance and e-commerce, signaling strong growth and adoption.

The absence of a government-issued 'digital dollar' means significantly less competition, which could solidify the market dominance of private stablecoins like USDC.

Coinbase has a significant advantage and revenue stream through its revenue-sharing relationship with Circle for USDC.

Categorized as a 'Tier 1' medium-of-exchange stablecoin that will serve as a primary rail for payments and settlement, distinct from yield-bearing savings products.

Being integrated into a rewards program by JPMorgan and Coinbase, which is described as a 'massive signal of mainstream adoption' that increases its utility.

Native integration onto Hyperliquid is expected to streamline fund management and enhance liquidity and user experience on the platform.

The inability to specify the network for sending USDC in NYC implies a potential friction point and regulatory/infrastructural limitation that could impact its fungibility and utility for NYC-based investors.

Will be used in the JPMorgan Chase and Coinbase partnership, allowing users to convert Chase rewards directly into USDC, increasing its utility.