SEC Tokenized Stocks Framework Impacts USDC Flow
USDC (USDC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that the SEC’s new five-year Innovation Exemption for tokenized stocks could open new revenue lines across brokerage, custody, blockchain infrastructure, and stablecoin settlement. The outlet notes that Coinbase operates the Base chain while Circle issues the USDC stablecoin. This regulatory framework may create more than just another crypto trading product by integrating these specific entities into the new settlement layers.
How the market reacted
Whalio's own Binance spot order flow for USDC, measured when this story was written up on 20 September 2026. Not the outlet's figures.
On Binance spot, USDC trades at $1.00 with a 24-hour buy ratio of 50.1%, indicating balanced trading activity over the full day. However, shorter timeframes show fading buying pressure, with the 1-hour buy ratio at 47.2% and the 4-hour ratio at 44.3%. Volume delta reflects this shift, showing a net outflow of -$5,102,302 in the last hour and -$20,180,032 over four hours, contrasting with a positive 24-hour delta of +$3,181,672. The cumulative volume delta (CVD) for the day closed at -$26,458,872, suggesting that despite the neutral buy ratio, net selling pressure has dominated the recent flow.
The latest daily buy ratio of 50.2% sits at the 73rd percentile of the last 322 days, against a median of 48.4% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for USDC, averaged over the days leading up to the story.
Over the preceding week, USDC saw net buying on only 2 of 7 days, with a 7-day average buy ratio of 49.0%. Today’s 24-hour buy ratio of 50.1% is 1.1 percentage points higher than the weekly average, marking a slight increase in buying interest. However, spot volume remains subdued at 0.76x the average, indicating lower participation than usual. The 8-day volume delta total was -$465,964,175, showing that selling pressure has been the dominant theme over the longer period compared to the recent 24-hour inflow.