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$100 Million USDC Transferred from Treasury to Coinbase Wallet

$100 Million USDC Transferred from Treasury to Coinbase Wallet

A large transaction moved 100 million USDC (a U.S. dollar-backed stablecoin) from the USDC Treasury to Coinbase, highlighting continued stablecoin market activity.

USDC

Fact Check
The transaction is documented by both automated blockchain tracking services (Whale Alert) and crypto news outlets (Phemex, BingX). The transfer of 100 million USDC from the USDC Treasury to Coinbase took place on March 2, 2026.
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Terms & Concepts
  • USDC (USD Coin): A stablecoin issued by Circle, pegged 1:1 to the U.S. dollar to facilitate digital transactions.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset like the U.S. dollar.
  • Coinbase: A major U.S.-based cryptocurrency exchange providing trading and custody services for digital assets.