Circle has blacklisted and frozen about $12.6 million in confidential USDC (cUSDC) held in a Zama protocol contract on Ethereum, preventing token holders from redeeming their funds. The freeze, linked to funds traced to Overnight Finance amid governance disputes, highlights risks of issuer control over privacy-focused DeFi projects using fiat-backed stablecoins. This action underscores ongoing tensions between centralized stablecoin issuers and decentralized privacy protocols, with no clear resolution for affected users yet. The outcome may influence future privacy project decisions on building with centralized stablecoins like USDC.
In May 2026, Tether announced a broad strategic expansion into artificial intelligence, payment infrastructure, and regulatory compliance, moving beyond its traditional focus on USDT stablecoin issuance. These initiatives aim to diversify Tether's bu...
Litecoin, once promoted as a fast, cheap digital payment option, is losing ground to stablecoins like USDC and USDT that offer similar speed and low fees but without price volatility. Merchants and users prefer stablecoins because they maintain a con...
Tether's USAT stablecoin saw a dramatic 540% increase in circulation during April, growing from $22 million to $140.8 million. This rapid growth is driven by institutional adoption for treasury management and compliant dollar liquidity solutions, sup...
Block's head of Bitcoin product, Miles Suter, firmly rejected integrating XRP into the Cash App ecosystem, stating "never" in response to user inquiries. Instead, Block has launched free USDC stablecoin transfers for its 59 million users across multi...
On May 28, major cryptocurrencies Bitcoin (BTC) and USD Coin (USDC) experienced significant net outflows of approximately $200 million and $184 million respectively, signaling a risk-off sentiment in the crypto market. Ethereum (ETH) also saw a net o...
