Meanwhile, U.S. spot Ethereum ETFs saw $59.6 million in net outflows on Wednesday, led by $26.6 million exiting Fidelity's FETH fund.

Lloyds used USDC to settle $750,000 of payment obligations with Visa during a seven-day live cross-border pilot.

Base has launched Cobalt, adding conditional transactions and new functions for assets issued under its B20 standard.