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USDC Treasury transfers 100,116,578 USDC to Coinbase Institutional

USDC Treasury transfers 100,116,578 USDC to Coinbase Institutional

The on-chain move, valued at 100,164,434 USD, points to a large institutional stablecoin transfer involving Coinbase Institutional.

USDC

Fact Check
The Blockscan explorer independently confirms the on-chain transaction: ~100.12M USDC sent from the Circle/USDC Treasury address (0x55fe...44b8) to 0x0b2B...4CE5 on Jun 29, 2026, matching the claimed amount and sender. Whale Alert, which maintains a labeled-address database, identifies the recipient (0x0b2b...4ce5) as Coinbase Institutional. The amount (100,116,578 USDC), value (~$100.16M), sender, and on-chain occurrence are fully corroborated. The only attribution resting solely on Whale Alert is the Coinbase Institutional recipient label, which a direct public search could not independently confirm; this slightly lowers certainty but does not contradict the claim.
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Summary

USDC Treasury transferred 100,116,578 USDC to Coinbase Institutional in a transaction valued at 100,164,434 USD. The transfer signals a sizable movement of the dollar-pegged stablecoin between the issuer-side treasury wallet and Coinbase’s institutional platform, a type of flow market participants often watch for potential liquidity, settlement, or trading activity.

Terms & Concepts
  • USDC Treasury: Treasury wallet linked to USDC issuance
  • Coinbase Institutional: Coinbase platform serving institutional clients
  • stablecoin: Crypto token designed to track fiat value