Circle wins US trust bank license, boosts Solana USDC supply
USDC issuer Circle has received approval to operate as a federally regulated trust bank in the United States, according to Watcher.Guru. The milestone comes as regulators refine the framework for stablecoin issuers, giving Circle a foundation to expand its custody services and integrate with traditional financial infrastructure.
Separately, on-chain data from Odaily shows Circle minted an additional 500 million USDC on the Solana blockchain about six hours ago. As of 2026, cumulative USDC issuance on Solana stands at 67.51 billion tokens.
US SOL ETFs see modest inflows; Hong Kong firm adds Bitcoin
US spot Solana ETFs recorded a net inflow of $150,500 on the eastern time zone of the 10th, driven entirely by the 21Shares Solana ETF, according to Sosovalue. The fund's cumulative net outflow remains at $102 million, while total net assets across all US SOL ETFs amount to $901 million, with a SOL net asset ratio of 1.99% and cumulative net inflows of $1.136 billion.
In corporate adoption news, Hong Kong-listed Boya Interactive purchased an additional 108 Bitcoin as treasury assets, boosting its total holdings to 4,201 BTC, per Bitcoin Magazine. The move underscores the ongoing trend of public companies adding Bitcoin to their balance sheets.
Japan's Metaplanet explores Bitcoin-backed credit products
Japanese listed firm Metaplanet has initiated a feasibility study for digital credit products collateralized by Bitcoin, in collaboration with JPYC, Progmat, and its securities subsidiary, reports U.Today. The proposed product aims to combine BTC collateral, stablecoins, and tokenization infrastructure for 24/7 issuance, settlement, and interest payments, though specific terms and timelines remain undecided.
South Korea's Gyeonggi Province to launch stablecoin pilot in August
Gyeonggi Province will begin a proof-of-concept project in August to test stablecoin applications in local currencies, public subsidies, and payment systems, according to PANews citing Edaily. The pilot will focus on programmable payments, zero-knowledge proofs, and reserve proof technology to verify stablecoin supply and backing in real time. If successful, a second phase from October to December will expand testing and evaluate misuse prevention, privacy, and stakeholder feedback.
Domestic exchange volumes hit multi-year low; Bitdeer builds US miner factory
Weekly trading volumes on South Korea's five major won-market exchanges — Upbit, Bithumb, Coinone, Korbit, and Gopax — fell for the fifth consecutive week, totaling approximately 9.97 trillion won ($7.6 billion) for the week of July 3–10, a 25.75% drop from the prior week and 43.5% below early June levels. The figure marks the first time weekly volume has dipped below 10 trillion won since late September 2023, about two years and nine months ago.
Nasdaq-listed Bitcoin miner Bitdeer announced on July 11 a $36 million investment to build a mining rig manufacturing facility in Nevada, USA. The plant will have a monthly capacity of 10,000 SEALMINER series units and is expected to be completed and operational within the year, leveraging existing US data centers and a California R&D center for production efficiency.