A new and significant hack on a bridge system is just another problem in the string of problems affecting the crypto world this month. AFX Trade, which runs on Arbitrum, lost $24.15 million worth of USDC. Attackers exploited AFX’s bridge, and several blockchain security firms detected the attack almost immediately.
This week, the topic of crypto security became a relevant one because of blockchain researcher ZachXBT’s remarks on the reliability of hardware wallets in relation to self-custody of funds. In fact, his views were in contrast to the current practices and drew attention to the issue of crypto wallets’ protection
Coinbase has taken a major step toward its Everything Exchange vision by launching stock perpetual futures for Magnificent 7 names and major ETFs, offering eligible international traders outside the U.S. with 24/7 exposure to major U.S. equities and Exchange-Traded Funds (ETFs). According to the Coinbase official blog on March 20,
The announcement follows Cardano’s introduction of its new stablecoin, USDCx, which Circle backs 1:1 with its widely used USDC. The launch of USDCx has further enhanced Cardano’s footprint in decentralized finance. Cardano introduced the new stablecoin as an interoperable asset that can operate across connected blockchain networks. The team introduced
Morph is bringing USDC stablecoin and the Cross-Chain Transfer Protocol (CCTP) by Circle to its native network. The objective is to expand the stablecoin settlement for an infrastructure that is focused on payments. A notable high of the integration is the utilization of the burn-and-mint model, eliminating bridge liquidity pools.
Bloomberg Intelligence reported that the stablecoin revenue of Coinbase associated with its USDC revenue share with Circle was 19% of overall revenue in 2025 and may surge two to sevenfold if USDC adoption in payments intensifies. This comes regardless of witnessing a net loss of about $667 million in Q4
Circle is doubling down on USDC as a building block of crypto finance infrastructure for businesses. Rather than promoting USDC solely as a trading stablecoin, Circle is now positioning it as digital dollar infrastructure for global payments, settlements, and treasuries. This approach is consistent with the trend observed in the
Circle’s USDC has dominated the U.S. institutional market for so many years. Now analysts say that Tether’s newly launched USAT could become the first credible domestic challenger to USDC. What is USDC USAT is a dollar-backed stablecoin created for use inside the United States. USAT is designed to meet the
The Chief Executive Officer of Circle, Jeremy Allaire, mentioned that USDC, a stablecoin pegged to the US dollar, was meant to operate independently from other traditional payments technology companies like Visa and Mastercard. In his speech on CNBC’s Squawk Box during the recently concluded Economic Forum held in Davos, Allaire
Interactive Brokers has further bolstered its services related to cryptocurrencies, with the company now allowing its clients to use stablecoins to fund their brokerage accounts, ensuring faster settlements and 24/7 access for account funding. As soon as the stablecoins are received, the transfer will be automatically settled in USD, allowing
