Citibank指出, the U.S. CLARITY Act's restrictions on stablecoin reward mechanisms may have a phased impact on Circle (CRCL), but do not alter its long-term investment logic. The bill mainly affects profit distribution, but Circle's core revenue model remains relatively unaffected. While it may weaken short-term holding incentives, the key indicator for stablecoins is trading volume, not circulation.

Zilliqa announces that its deBridge cross-chain bridge service within its ecosystem will terminate on March 31, 2026. Users must complete USDC cross-chain transfers before this date. This infrastructure upgrade is to improve stability and migrate USDC liquidity to the self-developed XBridge and zUSDC.

In March 2026, Circle's stock price experienced a significant pullback due to expectations surrounding the CLARITY Act, but Bitwise's Chief Investment Officer believes the market has misjudged. The core driving force behind stablecoins is payment efficiency. Bitwise predicts that by 2030, Circle's valuation could reach $75 billion. Despite increased short-term uncertainty, projects with strong compliance capabilities will benefit in the long run.

Gate News reports that on March 26, according to official data, the daily trading volume of USDC reached $39.05 million, a 52-week high.

Gate News bot message, A whale trader on HyperLiquid faced liquidation of $125.7K on a long position of 2,647 ETH valued at $5.59M. The whale had deposited 729K USDC and transferred an additional $500K from a second account over the past 3 days.

On-chain detective ZachXBT pointed out that Circle unfroze a balance of 130,966 USDC in a wallet associated with Goated. Previously, Circle had frozen 16 hot wallets in response to U.S. civil litigation, a freezing decision that lacked basis and impacted the company's daily operations.

Gate News: On March 26, according to ZachXBT's disclosure, Circle froze USDC balances in 16 business-related hot wallets on March 25. The relevant entities stated that this action is related to a U.S. civil case with details not yet made public. ZachXBT stated that upon reviewing on-chain data, these addresses are involved in exchanges, gaming platforms, and forex businesses with no apparent connections to each other. The freeze has already impacted the operations of the related businesses.

Gate News reported that on March 25, according to Whale Alert monitoring, USDC Treasury newly minted 250 million USDC on the Solana chain.

Movement Network officially launched its native stablecoin USDCx on March 25, pegged 1:1 to USDC, featuring low transaction fees and no need for cross-chain bridges. USDCx supports cross-ecosystem liquidity and is designed for large-scale user applications, promoting development in DeFi and digital finance sectors.

Gate News bot message, a wallet associated with jez (@izebel_eth) deposited $550,000 USDC into HyperLiquid and established long positions in ETH with 20x leverage and TAO with 5x leverage.