SS #7 - Ark Invest Sold $140M+ of CRCL Shares

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Good Morning.

Welcome to our 7th edition of the StableScope. A new 2x a week, stablecoin-focused newsletter from Launchy. Given the growth of the vertical, there's an increasing demand for more recurring reporting and curation on stablecoins.

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In Today's Edition:

• Headline: ARK Invest Dumps $146.3M Circle Shares

• Quick Bites: Hong Kong's Stablecoin Push

• Yield of the Week: 10.16% APY in USDC on Summer.fi

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HEADLINE

ARK Invest Dumps $146.3M Circle Shares

State of play: ARK Invest is trimming its Circle holdings across its ETFs just weeks after the stablecoin issuer's blockbuster IPO.

• ARK sold a hefty $146.3M worth of Circle shares across its funds, with the biggest cut coming from ARKK, dumping nearly 2% of its portfolio.

• This marks ARK's 3rd and largest round of Circle sales since the IPO, following earlier sales of $50M and $44.7M.

• The selling comes after Circle's explosive market debut, with shares skyrocketing from $31 to $240, a stunning 670% gain in just two weeks, making it the hottest large IPO since 1980.

What’s Next: With ARK rotating into non-crypto plays like AMD and Shopify, we might see more institutional investors taking profits while Circle's USDC continues gaining ground in traditional finance through partnerships like Coinbase Derivatives and Shopify.

Why it Matters: This profit taking by a major player like ARK, while USDC gains more real-world adoption, shows how the stablecoin market is maturing and finding its place in mainstream finance.

Our Take: While ARK's sales might raise eyebrows, they look more like smart portfolio management, especially with Circle's stock seeing such massive gains and USDC continuing to expand its reach.

QUICK BITES

• Trump may have sold the WLFI stake.

• Ark Invest offloads $110M worth of Circle shares.

• Circle hits new all-time high with market cap nearing Coinbase.

• KakaoPay shares have soared 200% in the past month amid stablecoin moves.

• Fiserv plans stablecoin play on Solana, teaming up with Circle, Paxos, and PayPal.

• Wyoming Stable Token Commission targets August 20 for WYST stablecoin mainnet launch.

• Hong Kong's Financial Secretary says upcoming stablecoin licensing offers a competitive edge.

• Peter Schiff says he ‘gets bitcoin’ but not USD-pegged stablecoins, floats gold-backed token plan.

YIELD OF THE WEEK

Summer.fi: 10.16% APY in USDC.e

• The USDC.e vault on the Sonic Network comprises various vetted DeFi protocols, with risk exposure managed by BlockAnalitica, ensuring security and performance.

• It offers 10.16% APY in USDC.e, 15.78% APY in SUMR token rewards, and 12x Sonic points, with continuous monitoring and rebalancing by an independent Risk Manager to optimize yields.

• A 1% annual management fee is charged, reflected in the market value of holdings, and allows unrestricted withdrawals.

Euler USDT / RLUSD on Euler Yield: 7.18% - 35.51% in USDT

• Euler enables leveraging USDT as collateral, borrowing RLUSD up to 14.27x to maximize yield.

• With a max LTV of 93%, the liquidity in this pool is up to $33.26M.

• RLUSD is Ripple's new stablecoin, fully backed 1:1 by USD-denominated assets including cash, US Treasuries, and cash equivalents.

Contango PT-slvlUSD-25SEP2025 / USDC on Morpho: 8.39% - 41.63% in USDC

• Contango enables leveraging PT-slvlUSD-25SEP2025 as collateral, borrowing USDC up to 9.27x to maximize yield and earn up to 9.3x Contango Points and 18.5x Lent Points.

• Users can deposit various assets, including USDC and slvlUSD, besides the PT, but the primary trading pair is PT-slvlUSD-25SEP2025/USDC, with a maximum investment of $1.3M.

• Currently, PT-slvlUSD-25SEP2025 offers an APY of 8.394%.

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Disclaimer: All the information presented in this publication and its affiliates is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, or any other form of advice.