Onchain investigator ZachXBT alleged that Circle, the issuer of USDC stablecoin, failed to freeze or blacklist approximately $420 million in illicit USDC linked to 15 hack and fraud cases since 2022. These cases include notable incidents like the GMX, Cetus, and Drift hacks, where Circle reportedly delayed action despite having the technical ability to block the funds. The accusations have sparked renewed debate about the responsibilities of centralized stablecoin issuers in preventing onchain crime and their response times. Circle has previously taken enforcement actions, such as freezing USDC tied to sanctioned Tornado Cash addresses, and is exploring reversible transaction features to enhance user protections in the future.
Ondo Global Markets reached $1 billion in total value locked (TVL) for tokenized stocks by May 2026, with projections to hit $5 billion by year-end. USDC, Circle's stablecoin, is the preferred settlement currency for these tokenized equities, favored...
JPMorgan has raised concerns that HyperliquidX's rapid expansion and large USDC holdings could undermine the economic model of Circle's USDC stablecoin. HyperliquidX, a decentralized perpetual exchange, has amassed over $5 billion in USDC and is shif...
Starknet introduced STRK20, a privacy framework on its Ethereum Layer-2 network that shields ERC-20 token balances and transactions using encrypted notes and zero-knowledge proofs. This system allows private transfers and swaps without separate priva...
Bitcoin is expected to hold above $56,000 on July 13, supported by upcoming June CPI inflation data and major bank earnings reports. Circle received final approval from the U.S. Office of the Comptroller of the Currency for its national trust bank, a...
Circle has minted $250 million worth of USD Coin (USDC) on the Solana blockchain, increasing the stablecoin's liquidity on Solana by more than 10% in a single transaction. This move is part of a larger trend with nearly $1 billion USDC introduced to ...
