A U.S. federal court has frozen nearly $57.65 million in USDC connected to the now-infamous LIBRA memecoin scandal, a case that’s rapidly evolving into one of 2025’s most explosive legal sagas in crypto. On-chain data by Arkham Intelligence shows that two Solana wallets—one holding $44.59 million, the other over $13
A user of Revolut, a British multinational neobank and fintech company, has claimed that he got confusing deposit instructions, and then he lost 1,500 USDC in a transfer. The claimant, Tzoni Raykov, a native of Bulgaria, first thought that he had followed the right steps while transferring USDC from an
Stablecoin’s popularity is growing by the day as the pro-crypto US government is backing the assets, praising their potential. Stablecoins have unique applications in the crypto space as they are not susceptible to the volatile nature of cryptocurrencies. The Trump presidency recognized their capability and is taking initiatives to regulate
Circle, the issuer of the second largest stablecoin, USDC has now officially entered Japan’s digital asset market. It secured a regulatory approval to roll out USDC in partnership with SBI Holdings. This decision will mark a significant shift in making USDC the first global stablecoin. This will be fully approved
The Republican-led GENIUS Act witnessed a major update amid bipartisan discussions. The US Senate Banking Committee is about to vote on this stablecoin bill on March 13. The bill was updated after the discussion between Republicans and Democrats. GOP Senator Bill Hagerty, said that he introduced an update of the
Even though the crypto market is down for the moment, its adoption is ever-growing. With the pro-crypto environment in the US, crypto regulation is also moving forward across various global countries. Recently, Thailand’s SEC announced two major stablecoins USDT and USDC as official cryptocurrencies. As per the Thailand Business News
Stablecoin is a type of cryptocurrency intended to maintain a stable value by being pegged to a reserve asset, such as a fiat currency (USD, EUR), commodities (gold, silver), or other cryptocurrencies. Unlike older cryptocurrencies such as Bitcoin and Ethereum, which have high price volatility, stablecoins offer price stability, hence
Binance, the world’s largest crypto exchange, has completed the integration of USDC on the Sui Network, enabling faster and more efficient transactions. The exchange has officially opened deposits and withdrawals for USDC on Sui. This expansion is expected to enhance liquidity, making the network more accessible. Sui’s team acknowledged the
Crypto-focused neobank Infini has suffered a $49.5 million exploit, with the attacker swapping stolen funds for Ethereum before moving them to a separate wallet. The breach follows a string of major crypto security incidents, including Bybit’s $1.4 billion hack. How the Attack Unfolded CertiK first detected the suspicious activity on
The Stablecoin market cap leapfrogged the $211 billion mark amid USDC’s positive momentum. As per the recent report by Alphractal, a data analysis platform, the stablecoin market has witnessed tremendous growth since 2023 which was driven by USDT (Tether). According to a report, the stablecoin market surged by 73% from
