Ostium announced that 23.75 million USDC was stolen due to an off-chain infrastructure breach, affecting the platform's operational systems rather than its on-chain smart contracts. This incident highlights risks in the platform's external systems like servers and data management, not a direct smart contract flaw. Key details such as the attacker's identity, timeline, and fund recovery remain unclear, and users should watch for further updates on system security and user fund safety. The stablecoin loss impacts Ostium's balance sheet but does not necessarily affect token prices or user deposits immediately.
Stablecoin market value fell by about $14 billion from its May peak, with June seeing the largest monthly supply drop of $7.7 billion since 2022. Despite this, transaction volume surged 63% to a record $1.83 trillion in June, indicating stablecoins a...
Tether's USAT, a US-regulated stablecoin backed by Anchorage Digital Bank, launched on the Celo blockchain, marking its first deployment outside Ethereum. The launch includes native minting, burning, and planned gas fee payments directly in USAT, sim...
Flare Networks CEO Hugo Philion announced plans to extend the FAssets system, currently supporting XRP, to Bitcoin through a wrapped FBTC token. This move aims to attract institutional investors by using confidential computing technology to keep larg...
Tether's US-regulated stablecoin USAT launched in January 2026 and grew from $22 million in March to $140.8 million by April, marking a 540% increase in one month. Despite this rapid growth, USAT remains a small fraction of Tether's main offshore sta...
Solana (SOL) is trading around $76.80, showing a 2.66% gain as it challenges the top of a descending channel near $76. The recent issuance of 250 million USDC on the Solana blockchain by Circle has increased stablecoin liquidity, supporting ecosystem...
