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Blockchain & Web3 Weekly Bytes Edition #80
🪙 Coinbase USDC Lending, Grayscale ETF, Chainless Apps Emerge
Sep 20, 2025
Hello Blockchain Enthusiast,
Welcome to Edition #80 of Blockchain & Web3 Weekly Bytes. Coinbase has rolled out on-chain USDC lending with yields above 10%. Grayscale just secured SEC approval for a multi-crypto ETF featuring XRP, Solana, and Cardano. Australia has eased licensing rules for stablecoin intermediaries. Meanwhile, our Tech Spotlight this week takes a close look at why “chainless apps” could change how Web3 is built.
TLDR – This Week at a Glance:
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Coinbase launches USDC on-chain lending with yields up to 10.8%
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SEC approves Grayscale’s multi-crypto ETF, including XRP, SOL, and ADA
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Australia eases licensing rules for stablecoin intermediaries
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Tech Spotlight: Why Chainless Apps Matter
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Chart of the Week: USDC activity on Ethereum hits record highs
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Affiliate Spotlight: CoinLedger for crypto tax reporting
🧠 Weekly Trivia
About how many Bitcoin wallet addresses currently hold at least one whole bitcoin?
A) ~983,000
B) ~1.5 million
C) ~500,000
D) ~2.2 million
*Answer revealed at the end 👇
📰 This Week’s Blockchain and Web3 Highlights
Coinbase launches USDC on-chain lending: Coinbase now offers USDC lending on Base, with current yields reaching 10.8%, powered by Morpho and Steakhouse Financial.
Pixelverse moves beyond Telegram: The tap-to-earn hit is rolling out a gaming hub on Base and Farcaster, starting with Storychain, an AI agent game built around collaborative storytelling.
Australia clears stablecoin intermediaries: ASIC introduced a class exemption that lets licensed intermediaries distribute stablecoins without applying for additional licences.
SEC signs off on Grayscale’s multi-crypto fund: The regulator approved Grayscale’s Digital Large Cap Fund (GDLC), giving investors market access to BTC, ETH, XRP, Solana, and Cardano under new ETF standards.
NY regulator presses banks on blockchain analytics: New York’s financial watchdog urged banks to integrate blockchain analytics tools when evaluating wallets and vetting digital asset services.
PayPal stablecoin crosses $1.3B: PYUSD’s market cap has surpassed $1.3 billion, with LayerZero expanding its reach to nine more blockchains, including Tron and Avalanche.
DeFi Development boosts Solana holdings: DFDV purchased another 62,745 SOL worth $14.6 million, bringing its total holdings above 2 million tokens.
🔦 Tech Spotlight: Why Chainless Apps Matter
Most Web3 apps still require users to select a blockchain before taking any action. Chainless apps flip that model by hiding the chain choice, routing activity behind the scenes, and focusing only on the task at hand.
Why this matters
Users no longer need to know if a transaction is happening on Ethereum, Solana, or Base. The app decides the best route while presenting a single, simple interface.
Who’s building
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Farcaster frames are making interactions portable without users needing to care about underlying chains.
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Zerion is experimenting with chain-agnostic swaps and portfolio management.
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Across Protocol has rolled out intent-based bridges where the user states the action, and the system handles the routing.
Takeaway: Chainless apps shift the focus from blockchains to user outcomes, moving Web3 closer to the simplicity of Web2 apps while retaining decentralization.
📊 Chart of the Week: USDC Activity Breaks Records
Circle’s USDC has reached its highest recorded usage on Ethereum. Daily transaction counts and active address activity both hit fresh peaks this week, reflecting how stablecoins are being used well beyond trading.
More payments, DeFi lending, and corporate treasury flows are now settling in USDC. This milestone underscores Ethereum’s position as the core settlement layer for dollar-denominated activity onchain.
Source: Cointelegraph
😂 A Little Blockchain Humor Break 🤣
Source: Naiive
That wraps Edition #80 of Blockchain & Web3 Weekly Bytes. We covered Coinbase’s launch of USDC lending, Pixelverse taking Web3 gaming to Farcaster, and Grayscale’s new multi-crypto ETF approval.
✅ Trivia Answer: A) ~983,000
Roughly 983,000 Bitcoin wallet addresses now hold at least one full bitcoin, showing how scarce “whole coiners” remain despite record adoption.
See you next Saturday with more sharp updates from Blockchain and Web3 Insights.
Thank you,
Ajay Tomar
Founder & Creator
Blockchain and Web3 Insights LLC
🌐 blockchainweb3insights.com
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