Record USDC transfer: Arkham says Circle moved $4B to Coinbase on Hyperliquid

A record-setting USDC transfer has hit the market. Blockchain analytics firm Arkham reported that Circle shifted $4 billion of its native stablecoin, USDC, to Coinbase via the Hyperliquid platform. The move is described as the largest USDC transaction on record. In terms of circulating supply, USDC continues to trail Tether's USDT, but the two tokens remain the clear leaders in today's stablecoin market.