Bitcoin24h $77,747.44-0.90%

Ethereum24h $2,283.13-4.42%

BNB24h $764.29-0.66%

XRP24h $1.62-1.06%

Solana24h $103.16-0.88%

TRON24h $0.2836-0.71%

Dogecoin24h $0.1052+0.25%

Cardano24h $0.2941+0.25%

Bitcoin Cash24h $524.62-1.28%

Hyperliquid24h $31.36+2.48%

Circle dragged for dragging feet as DeFi protocol GMX hacked

USDC stablecoin issuer Circle has been criticized for not freezing $9M taken in the GMX protocol hack quickly enough.

Circle grows faster than Tether this year

Circle’s USDC has made substantial gains in 2025 across several metrics against its main stablecoin competitor, Tether’s USDT.

Plasma’s public sale launch resulted in a small number of whales dominating the initial allocation and a “gas war.”

Circle’s rise after its IPO on its first day of trading is a contrast to Coinbase, which fell on its first day of trading.

Circle’s upcoming IPO will provide a unique opportunity to value the world’s largest stablecoin issuer, Tether.