Credit Coop Raise, Circle $4.75B Solana, Kite AI Agents

Welcome to The Daily Yield – your trusted daily source for stablecoin and industry news, powered by Stabledash and hosted by Drew Rogers.

Today's Headlines:
- Credit Coop Raises $4.5M Seed for Programmable Cash Flows: Maven 11 Capital and Lightspeed-led round addresses instant settlement challenges in stablecoin economy with "Spigot technology"treating future cash flows as programmable collateral. Platform processed $180M volume with $8.7M active loans and zero defaults, enabling payment processors to access 4% credit rates through partnerships with Rain and Coinflow.
- Circle Mints $4.75B USDC on Solana: August volume pushes network's 2025 total issuance to $26.25B, demonstrating Solana's emergence as critical infrastructure for dollar-based digital payments with high-speed, low-cost transaction capabilities.
- Kite Secures $18M Series A for AI Agent Payments: General Catalyst and PayPal Ventures fund platform enabling autonomous AI agents to hold funds and execute stablecoin transactions with on-chain settlement, signaling machine-to-machine commerce infrastructure development.
- Hyerithm Crosses $60M TVL: Platform reaches milestone in under 3 weeks since launch, demonstrating strong appetite for professionally managed stablecoin yield products through strategic integrations with Morpho and Pendle Finance.
- Hyper EVM Integrates with Wormhole: Enables seamless asset transfers from multiple blockchain ecosystems into Hyperliquid economy, providing developers direct access to native liquidity and financial primitives.
- Yield App Opens Verifiable Marketplace: First platform powered by live cryptographic proofs through Accountable's data verification network, addressing trust issues by allowing users to verify return authenticity before committing capital.