Circle Launches USDC Payments for Banks
Circle launches CPN Managed Payments, enabling banks and PSPs to settle in $USDC without holding crypto. Partners include Thunes and Worldline. #Update #Crypto $USDC
Circle
Arc Blockchain Secures Against Quantum Threats
@Circle’s Layer-1 blockchain Arc will launch with quantum-resistant features, enabling secure wallet creation against future quantum threats; mainnet timeline not disclosed. #Update #Crypto $USDC
USDC Freeze Sparks 16 Wallet Controversy
Onchain investigator ZachXBT reports Circle failed to promptly freeze $420M in illicit USDC flows since 2022, missing hacks, including a $232M Drift Protocol exploit. #Breaking #Crypto $USDC
Circle Faces Backlash After $285M Drift Hack
@Circle is facing criticism after the $285 million Drift hack, as $71 million in USDC was stolen and moved using its cross-chain protocol, raising questions about its response to illicit activity. #Breaking #Crypto $USDC (-8) ↘
Circle Faces $420M AML Violation Accusation
On-chain detective ZachXBT accuses @Circle of compliance failures, alleging $420M in USDC remained unfrozen post-cyberattacks since 2022, raising AML concerns. #Breaking #Crypto $USDC
Bitcoin Launches Real-Time Reserve Verification
Circle introduces cirBTC, a wrapped bitcoin product with real-time onchain reserve verification, expanding beyond stablecoins. Launch pending regulatory approval. #Update #Crypto $BTC
Crypto CLARITY Act Threatens DeFi Yield Growth
The Clarity Act’s stablecoin rules may hinder DeFi by banning yield on stablecoin balances, impacting platforms like @Uniswap and @Aave, while benefiting infrastructure players like Circle. #Update #Crypto $UNI $AAVE
Circle Surges: USDC Demand Drives $136 Rally
Circle’s stock, trading as CRCL, rises to $123 after Clear Street upgrades it to “Buy” with a $136 target amid increased USDC adoption. #Update #Crypto $USDC
Circle Soars 100% in One Month
Circle’s stock surged 100% in a month, reaching $124.37, amid bullish analyst upgrades and growing demand for its USDC stablecoin, benefiting from macroeconomic trends. #Update #Crypto $USDC
Tether Retains Cash as USDC Dominates Crypto Transactions
Circle’s $USDC surpasses Tether’s $USDT in transfer volume for the first time, accounting for 64% of stablecoin transactions, signaling a shift in market dynamics. #Update #Crypto $USDC
USDC Surpasses USDT Volumes for First Time
Circle’s $USDC surpasses $USDT in transaction volumes for the first time since 2019, prompting Mizuho to raise its price target to $120. #Update #Crypto $USDC
Tokenized Treasuries Hit $11 Billion as Circle Surges
@Circle becomes the largest provider of tokenized U.S. Treasuries with its USYC token reaching $2.2 billion, surpassing BlackRock’s BUIDL as the market hits a record $11 billion. #Update #Crypto $USDC
USDC Surges as Circle Outperforms Competitors
@Circle’s stock surged 126% since February, reflecting resilience in USDC’s market cap amid crypto downturns, with analysts citing stablecoin infrastructure’s growing importance. Shares up 1.2% to $114.20. #Update #Crypto $USDC
Circle Stock Surges Amid Iran War Impact
@Circle (CRCL) stock surged 10% amid rising oil prices due to Middle East tensions, marking an 86% increase over the month, driven by short squeezes and inflation concerns. #Update #Crypto $USDC