Circle Transfers About $4.397 Billion in USDC to Coinbase-Linked Address

Odaily reported, citing Arkham monitoring, that Circle transferred approximately $4.397 billion worth of USDC on the HyperEVM network to an address associated with Coinbase. The transaction has been recorded as the largest single on-chain USDC transfer to date.

USDC is a dollar-denominated stablecoin, with Circle serving as its related issuer. The reported on-chain movement involves Circle as the sender, a Coinbase-linked address as the recipient, HyperEVM as the network, and a transfer size of about $4.397 billion. The monitoring data records the movement of funds between blockchain addresses, while the original report did not disclose any further purpose for the transfer.