Meta has launched a pilot program paying select creators in Colombia and the Philippines using USDC stablecoins on Polygon and Solana blockchains. This new method offers near-instant, traceable payments outside traditional banking hours, aiming to streamline cross-border payouts. While on-chain transfers are fast and low-cost, converting USDC to local currency remains challenging due to varying fees and KYC processes across countries. Meta plans to expand this payout system to over 160 markets in 2026, potentially reshaping how creators worldwide receive earnings by leveraging blockchain technology for faster, more transparent payments.
Bonzo Finance, Hedera's largest lending protocol, lost about $9.05 million after an attacker exploited a flaw in a third-party price oracle's signature verification. The attacker manipulated the SAUCE token price, using only 250 SAUCE tokens as colla...
Hyundai is testing stablecoins USDT and USDC for faster internal transfers between its subsidiaries, reducing transfer times from hours to about 7 minutes. The pilot with Tether's USDT showed superior speed and stability compared to traditional bank ...
Circle, issuer of USD Coin (USDC), received approval to operate as a federally regulated trust bank in the U.S., marking a key step toward stronger regulatory oversight and deeper ties between stablecoins and mainstream finance. This approval may exp...
Hyundai Card, Hyundai Motor Group's financial arm, successfully completed a $20,000 USDT transfer between its US and Mexico subsidiaries on the Avalanche blockchain in just seven minutes, compared to the usual 3-4 hours via traditional bank wire. Thi...
Cryptocurrency markets display varied price changes, with Bitcoin trading near $62,833, up 0.99%, and Ethereum around $1,744, up 0.24%. Other notable coins like Binance Coin and Avalanche also show modest gains, while some altcoins experience slight ...
