ChainCatcher reported, citing monitoring data from Arkham, that Circle completed a large USDC transfer on the HyperEVM network. The receiving side was identified as a Coinbase-related address. The size of the transaction was about $4.397 billion in USDC, and under the monitoring record cited by ChainCatcher, it became the largest single USDC transfer recorded to date.
USDC is a dollar-denominated stablecoin issued by Circle, while the Coinbase-related address is the destination label identified in Arkham’s on-chain monitoring for this transfer. The news item only provided the monitoring result. It did not disclose the business purpose of the movement, the specific transaction hash, further address ownership details, or any follow-up arrangement for the funds.
Based on the information made public in the report, the central facts are the size of the transfer and the network on which it occurred: roughly $4.397 billion in USDC moved from Circle to a Coinbase-related address on HyperEVM, setting a record for the largest single USDC transaction documented so far. The information is based on Arkham monitoring as reported by ChainCatcher.