Circle is facing a wave of criticism after a proposal linked to its chief economist suggested sharply increasing USDC borrowing costs on Aave, as the lending pool grinds through a liquidity crunch that has dragged on since the KelpDAO exploit. The plan has gone down badly with DeFi users, many of whom say it would […]
The bad press facing stablecoin issuer Circle, following the $280 million exploit on the Solana trading protocol Drift, has gone up a notch after a California-based legal group filed a class action lawsuit against it, alleging it stood by while North Korea-linked hackers moved millions in stolen USDC through the firm’s own bridge, making it […]
Stablecoin issuer Circle reported sharp growth in USDC circulation and transaction activity in the fourth quarter of 2025, as revenue and operating profitability surged year-over-year. USDC in circulation reached $75.3 billion at year-end, which is a 72% rise from a year earlier, while on-chain transaction volume climbed 247% to $11.9 trillion in Q4 alone. Circle […]
A new on-chain study published by the AMLBot team shows that Tether has frozen more than $3.29 billion in USDT across the Ethereum and Tron blockchains between 2023 and 2025, blacklisting 7,268 addresses in the process. The findings highlighted a sharp contrast with Circle’s USDC, which froze $109 million across just 372 addresses during the […]
As the institutional adoption of cryptocurrencies, particularly the stablecoin sector, expands, the need for privacy settlement is becoming increasingly important. A Privacy Gap Report from the layer-1 zero-knowledge proofs (ZKPs) privacy blockchain Aleo has highlighted the challenges that could stem from the persistent lack of privacy. According to the report, the lack of privacy in institutional […]
The stablecoin market is witnessing a remarkable surge. Billions of fresh capital are potentially setting the stage for increased trading activity and asset appreciation. USDT and USDC’s combined growth means investors are positioning for further upside across the crypto market. Billions in Fiat Pour Tether’s USDT saw its market cap climb from $120 billion before […]
The latest CryptoQuant Weekly Report reveals that stablecoin liquidity has reached a new high of $220 billion. This surge is due to the expanding market caps of Tether (USDT) and USD Coin (USDC), which have fueled capital inflows into the broader crypto ecosystem. Bullish Indicator For BTC According to the April 30 report, USDT’s market […]
Binance is seeing a rising dominance of USDC as regulatory changes reshape the stablecoin market. A year ago, USDC accounted for just 0.48% of Binance’s stablecoin distribution, dwarfed by USDT’s 68.67% share and FDUSD’s 30.84%. However, over the past 12 months, USDC’s presence has surged to 8.26%. This marked a whopping 1,621% increase, according to […]
The use of cryptocurrency for payments has seen significant growth, as evidenced by Binance Pay’s expanding user base and transaction volume in 2024. According to data provided by Binance and analyzed by CryptoQuant, the number of Binance Pay users tripled from the previous year, reaching 41.7 million. This rapid adoption highlights the increasing role of […]
Circle’s USDC has experienced a significant resurgence as its total circulating supply surged by 80% from its 2023 lows. As revealed by Blockwork’s data analytics manager Dan Smith, the stablecoin’s supply has reached nearly $44 billion as of January 2, 2025. The latest figure represents a stark increase from its 2023 low of less than […]
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