Annual transaction volume for stablecoins has surpassed $30 trillion, highlighting a major shift toward large-scale on-chain settlements. Among stablecoins, USD Coin (USDC) stands out as the preferred choice for institutional investors, accounting for about 55% of the market share. This trend underscores growing trust and reliance on stablecoins for secure, efficient digital transactions in the financial sector. The continued rise in stablecoin activity may drive further innovation and adoption in blockchain-based finance.
Cryptocurrency prices are fluctuating with Bitcoin trading near $64,157, down about 1%. Ethereum and Binance Coin also saw slight declines, while some altcoins like TRX and XMR experienced gains. These mixed movements reflect ongoing market volatilit...
Circle has minted an additional 250 million USDC on the Solana blockchain, raising total USDC issuance on Solana to about $72.01 billion. This is the fourth mint in two days, signaling increased liquidity and activity on the Solana network. Despite t...
The Verus-Ethereum Bridge suffered a second security breach in just over two months, with attackers stealing between $7.3 million and $7.5 million in various digital assets. This follows a similar exploit in May that resulted in losses of about $11.6...
Beefy Finance has introduced its Cowcentrated Liquidity Manager (CLM) on Ethereum mainnet, automating the management of concentrated liquidity positions on Uniswap V3 for top trading pairs like AAVE-WETH and UNI-WETH. The CLM pools user deposits, aut...
An arbitrator ruled in favor of Circle in a legal dispute with Heka Funds over stablecoin redemption limits, rejecting Heka's $49 million lost-profits claim. The case revealed how Circle, issuer of USDC, suspended Heka's redemption access after initi...
