Tangem announced the launch of Tangem Pay, its retail payment service that allows users to spend USDC directly from their self-custody wallets at any merchant that accepts Visa. The feature, available today in the United States, Latin America and selected Asia-Pacific countries, uses virtual Visa cards that can be integrated with Apple Pay and Google Pay.
Circle's stock slid on Thursday in a move traders tied to rising legal uncertainty around stablecoin issuers, even as the company pressed ahead with new infrastructure aimed at expanding the USDC (USDC) ecosystem. Shares of Circle closed Thursday at $105.91, down 1.44% on the day, after touching an intraday low of $102.70.
Circle launched the USDC Bridge this week, giving users a direct, Circle-operated interface to move native USDC across supported blockchains without wrapped tokens, liquidity pools, or manual route selection. Key Takeaways: Circle launched the USDC Bridge this week, enabling native 1:1 cross-chain USDC transfers via CCTP.
On Friday, Circle rolled out USDC Bridge, a straightforward cross-chain transfer solution constructed on its established Cross-Chain Transfer Protocol (CCTP). The initiative aims to streamline and demystify the process of transferring USDC across different blockchain networks for regular users.
Launch and Technology: Circle introduces USDC Bridge based on CCTP to move native assets 1:1 through a direct burn-and-mint process. Costs and Transparency: Fees are visible from the start; for example, sending 20 dollars from Ethereum to Optimism costs just 0.20 USD.
Circle launches USDC Bridge to enable native cross-chain USDC transfers with transparent fees and a burn-and-mint process.
Circle's new USDC Bridge aims to turn cross‑chain transfers into a near‑invisible backend plumbing layer for on‑chain dollars, replacing fragmented bridges with a single bank‑style ledger experience operated end‑to‑end by Circle itself.
Drift moves toward relaunch with Tether support and a shift to USDT after its $285M exploit.
William Blair says Coinbase's selloff has de-risked the stock, while rising USDC revenue boosts a less cyclical outlook beyond trading volumes.
Circle says USDC is unlikely to be used in any Hormuz crypto toll scheme, arguing sanctioned actors avoid tokens that can be quickly frozen.
Circle Internet (NASDAQ:CRCL) CEO Jeremy Allaire said the company only freezes USDC wallets when law enforcement or courts direct it to do so, as shares surged 9%. The Court-Order-Only Policy Speaking at a press conference in Seoul, Allaire explained that USDC operates as a regulated financial product, not a tool for real-time intervention during hacks.
Jeremy Allaire defended Circle's refusal to freeze USDC tied to the $280 million Drift exploit, arguing that issuers cannot make unilateral asset-seizure decisions. He said Circle does not decide “what is the right path or not” and warned that private intervention creates a “moral quandary.