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The U.S. government moved $12.36 million in ether, USDC and USDT out of a Bitfinex hack seizure wallet on Tuesday, July 14, sending the funds to Coinbase Prime and one unlabeled address, according to Arkham Intelligence data. The transfer follows Monday’s movement of roughly 3,941 BTC to Coinbase Prime, giving the government two straight days … Read more
Circle has received approval from the OCC to establish Circle National Trust, a federally regulated national trust bank. The charter strengthens the infrastructure behind USDC and could eventually bring management of the stablecoin’s reserve under direct federal oversight. Jeremy Allaire Hails OCC Charter as Circle Expands USDC Circle Internet Group has received approval from the … Read more
Stablecoin issuer Circle is facing scrutiny from prosecutors in Wisconsin and New York for allegedly delaying or refusing to comply with court orders to return stolen digital assets to scam victims. State Prosecutors Clash With Stablecoin Giant The USDC stablecoin issuer, Circle, faces mounting criticism from prosecutors in Wisconsin and New York who say the … Read more
Circle’s stock rebounded 7% on Monday following a 17% plummet the previous Tuesday, triggered by the announcement of a rival stablecoin, Open USD. The Battle for Reserve Yield The stock of Circle, the issuer of the USDC stablecoin, jumped 7% on Monday as investor panic following the announcement of the launch of rival coin Open … Read more
Tether lost $791 million this week, a single-token drop that accounted for 41% of the $1.9 billion pulled from the entire stablecoin market. Most of its top competitors also finished lower, with USDC shedding 1.05% and Sky Dollar plunging 2.36%. The total stablecoin market cap sits at $311.311 billion, down 0.61% over the past seven … Read more
A coding flaw in the DIP token, an essential utility asset of the Etherisc ecosystem, let an attacker siphon roughly $111,098 in USD Coin (USDC), blockchain security firm Slowmist revealed. A Transfer That Ran Twice Slowmist flagged the incident in a threat intelligence alert, pinning the loss at 111,097.6 USDC. The firm said the DIP … Read more
Coinbase CEO Brian Armstrong announced on June 13 that gold and silver futures are now trading around the clock in the United States on Coinbase, enabling precious metals onto the always-open rails built for crypto. A ‘World First’ for Metals Armstrong announced the change on June 13, telling followers the company was “setting a lot … Read more
Coinbase and MassPay are connecting USDC settlement to a payout network spanning 180 countries, giving enterprises a simpler path for global disbursements. The integration supports dollar funding, USDC conversion, digital asset payouts, and local currency delivery through existing MassPay workflows. Stablecoin Payouts Enter Enterprise Payment Workflows Global payout infrastructure is shifting as Coinbase (Nasdaq: COIN) … Read more
Coinbase enables Checkout.com merchants to accept USDC and USDT through existing checkout systems. More than 1,000 enterprise customers can add stablecoin payments while settling in U.S. dollars. Checkout.com Partnership Pushes Stablecoins Deeper Into Enterprise Commerce Crypto exchange Coinbase (Nasdaq: COIN) announced on June 2 that Checkout.com is enabling stablecoin acceptance for eligible merchants across its … Read more
Circle blacklisted a publicly labeled Ethereum smart contract tied to Zama’s privacy protocol on Saturday, freezing approximately $12.6 million in USDC following a U.S. federal court order connected to a civil lawsuit against Overnight Finance founder Maxim Ermilov. Circle’s Zama Blacklist Freezes $12.6M, Raising Questions About USDC Use in DeFi Contracts The frozen address, 0xe978F22157048E5DB8E5d07971376e86671672B2, … Read more