Circleβs new USDC ambassador? DJ Khaled
Circle has posted a promo photo of DJ Khaled via its USDC X account, despite the musicianβs previous charges for shilling 2018βs Centra ICO.
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Circle has posted a promo photo of DJ Khaled via its USDC X account, despite the musicianβs previous charges for shilling 2018βs Centra ICO.
Read more (2 min) βProsecutors in Wisconsin and New York are upset with stablecoin giant Circle after it repeatedly hindered attempts to recover stolen funds.
β Circle, Stablecoin
A number of South Korean firms, including Samsung, reportedly haven't agreed partner with stablecoin newcomer Open USD.
OUSD, which borrows heavily from Hyperliquidβs USDH playbook, is a new stablecoin that a consortium of more than 140 companies will operate.
β Circle, Stablecoins
USDT and USDC are still competing for dominance of the USD stablecoin market, both showing a willingness to get close to Trump.
Tether has pledged up to $127.5M to help Drift βsupport user recovery and relaunch the Drift platformβ after a $285M hack.
Drift Protocol was hacked for roughly $280M yesterday after a likely social engineering scheme breached its multisig approvals.
β April Fools', Circle
Liquity's April Fools' bit that joked it was being bought by the stablecoin giant Circle led to allegations of βmarket manipulation.β
This week saw a near-miss for DeFi lender HypurrFi and recovered funds for Makina, while Circle and Certik don't make the best impression.
Of a total of $17 million stolen from victim addresses, $3 million in USDC is yet to be frozen by issuer Circle.