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.
Tokenized U.S. Treasuries keep notching fresh records, and this weekend the sector stands at $13.53 billion, posting a tidy 0.63% gain over the past seven days. The tokenized U.S. Treasury segment still wears the crown as the largest slice of the real-world-asset ( RWA) market, which now clocks in at $29.22 billion. Key Takeaways: rwa.
Circle alleges that asset freezing is not discretionary but strictly depends on legal orders from competent authorities in the US and Europe. The on-chain report points to compliance failures valued at over $420 million in incidents linked to protocols such as Drift and Mango.
Circle expands CCTP beyond USDC to support EURC, USYC, and third-party assets. Gateway hits $400M monthly volume with sub-500ms settlement across 12 chains.
Circle releases open-source toolkit enabling developers to build cross-chain USDC treasury systems with automated bridging and consolidated payouts.
Circle shares dropped nearly 10% after a Wall Street downgrade signaled rising caution.