CRCL stock rises 5% after USDC issuer Circle receives a limited-purpose trust charter from New York regulators.
NYDFS grants trust charter to Circle subsidiary, deepening USDC compliance framework.
Circle secures a New York trust charter as USDC adoption grows, expanding its regulated stablecoin operations and compliance framework.
Coinbase shares fell about 5% after the exchange reported a second quarter loss and $1.2 billion in revenue despite record crypto trading market share. Coinbase posts quarterly loss despite gains in trading share and USDC activity.
Ostium has concluded that its July exploit originated from compromised off-chain infrastructure rather than a flaw in its smart contracts, after an investigation found the attacker manipulated price reporting to drain 23.75 million USDC from the protocol's liquidity vault.
Ostium says 23.75 million USDC was stolen in what the platform describes as an off-chain infrastructure breach, an incident that puts the focus on the operational systems behind the protocol rather than its on-chain smart contracts.
The stablecoin issuer acquired more than 680 patent families from IBM for an undisclosed sum, strengthening its IP position across USDC, Arc, and AI-agent payments.
Circle has acquired nearly 1,000 IBM blockchain patents as the USD Coin (USDC) issuer pushes deeper into the infrastructure connecting stablecoins with banks and payment networks.
The Circle blockchain patent portfolio just became significantly larger, and this isn't another flashy acquisition made for headlines. Circle Internet Group announced it has acquired fundamental assets from IBM's blockchain patent portfolio, instantly giving the company the largest blockchain patent holdings in the United States.
Circle Internet Group now holds the largest blockchain patent portfolio in the United States after buying IBM's IP assets.
The move encompasses the acquisition of nearly 1,000 patents issued worldwide across 680 patent families, putting Circle as one of the largest holders of blockchain patents in the U.S. and internationally. The company qualified IP as critical for expanding onchain infrastructure adoption.
The USDC issuer acquired nearly 1,000 patents from IBM in a single deal, but IBM is still backing USDC's most dangerous rival.