Stablecoins
DeFi

Circle Freeze on Zama's Confidential USDC Locks $12.6M of User Funds in DeFi 'Crossfire'

A court-ordered restraining order pushed Circle to blacklist Zama’s cUSDC wrapper on Ethereum. The privacy protocol is not a defendant but every depositor in the…
DeFi

Circle Freeze on Zama's Confidential USDC Locks $12.6M of User Funds in DeFi 'Crossfire'

A court-ordered restraining order pushed Circle to blacklist Zama’s cUSDC wrapper on Ethereum. The privacy protocol is not a defendant but every depositor in the…
Infrastructure

Circle freezes $12.6M of USDC linked to privacy protocol Zama

The $12.6 million in USDC was likely frozen in connection with an ongoing but unrelated civil court case, according to onchain sleuth ZachXBT. Read Full…
DeFi

‘The banks will not accept it’: Dimon escalates battle over stablecoin rewards in CLARITY Act debate

JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned the current CLARITY Act framework could ultimately fail, as banks and crypto firms clash…
DeFi

‘The banks will not accept it’: Dimon escalates battle over stablecoin rewards in CLARITY Act debate

JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned the current CLARITY Act framework could ultimately fail, as banks and crypto firms clash…
Markets

Tether's U.S.-focused stablecoin grows over 500% in a month, but still lags main rivals

USAT’s market cap jumped above $140 million in April, though it remains well behind Circle’s USDC, PayPal’s PYUSD and Ripple’s RLUSD tokens. Read Full Story…
Institutional

Australia’s Project Acacia shows why tokenized markets still hinge on settlement money

Project Acacia has now tested how tokenized asset markets could settle in Australia. The Reserve Bank of Australia and Digital Finance Cooperative Research Centre released…
Infrastructure

Tempo L1 Hits 3.9M Transactions in Two Months

The payments-focused blockchain Tempo has settled 3.9M transactions across 177K addresses since mainnet launch in March, with stablecoin supply exceeding $25M and full Dune Analytics…
Payments

Stablecoins were supposed to bypass credit cards, but now Visa is winning crypto card payments

Stablecoins were built on the premise that removing intermediaries between sender and recipient would erode the relevance of legacy payment networks, but the fastest-growing consumer…
Infrastructure

Block Kicks Off Cash App’s Phased Stablecoin Rollout to Its Nearly 60 Million Users

Cash App began rolling out USDC on Solana, Ethereum, Polygon, and Arbitrum, marking a major reversal for bitcoin maximalist CEO Jack Dorsey as the stablecoin…