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Project Overview
Circle(NASDAQ:CRCL) is a global financial technology firm that enables businesses of all sizes to leverage the power of digital currencies and public blockchains for payments, commerce, and financial applications worldwide. Circle is the issuer of USD Coin (USDC), one of the fastest-growing dollar digital currencies powering always-on, internet-native commerce and payments. Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of increasing global economic prosperity through the frictionless exchange of financial value.His stock code is CRCL.
Bank for International Settlements: Global coordination on stablecoin regulation is critical to preventing market fragmentation
Pablo Hernandez de Cos, General Manager of the Bank for International Settlements (BIS), stated that global coordination on stablecoin regulation is critical to preventing severe market fragmentation; otherwise, regulatory divergences across jurisdictions could trigger regulatory arbitrage. He noted that stablecoins are typically pegged 1:1 to the U.S. dollar and may undermine monetary and fiscal policy, exert stress on financial markets, and hinder efforts to combat illicit financing. Currently, the two largest stablecoins—issued by Tether and Circle—account for approximately 85% of the global $315 billion stablecoin circulating supply. He also remarked that these stablecoins resemble securities more than money—particularly in terms of redemption frictions—and operate more like ETFs.
Tokenization startup Brix closes $5.5M funding round, with participation from Circle Ventures and others
According to The Block, Brix—a startup focused on tokenizing emerging-market assets—has announced a $5.5 million funding round. Participants include Yapi Kredi’s venture capital arm, FRWRD, IS Asset Management, and crypto investment firms Circle Ventures, ConsenSys, and Borderless Capital. Brix plans to launch on the MegaETH network, aiming to bring traditionally institutional trading strategies—such as Turkish lira arbitrage—on-chain.
Y Combinator completes its first funding round using stablecoins, paying $500,000 in USDC to prediction market startup Totalis
According to The Block, renowned startup accelerator Y Combinator has completed its first fully stablecoin investment, paying $500,000 in USDC to prediction market startup Totalis via three on-chain transactions on Solana. The funds are held in custody by Ramp, a financial operations platform. Y Combinator CEO Garry Tan stated that the accelerator will make stablecoin payments available to all YC-backed startups—not limited to crypto-related companies. Totalis plans to use Ramp to execute both stablecoin and fiat transactions simultaneously and to pay credit card bills from its stablecoin account.
AethirClaw Launches Pre-configured Crypto AI Agent CARA, Deployable in 5 Minutes
AethirClaw has officially launched CARA (Pre-configured Crypto AI Agent), running on Aethir's decentralized GPU infrastructure. Equipped with over 50 skills, it covers core crypto scenarios such as real-time market monitoring, whale wallet tracking, on-chain analysis, social media sentiment monitoring, and project due diligence, and users can use it out-of-the-box without any technical configuration.The platform supports payments via credit card as well as USDT, USDC, and ATH tokens. Aethir also disclosed that it will soon launch a Model-as-a-Service (MaaS) layer, running mainstream open-source large models on Aethir's decentralized GPU infrastructure, and expand multimodal capabilities including text-to-image and video generation.
Bitget Wallet Launches May Day QR Code Payment Campaign with Cashback up to 1,000 RLUSD per Transaction
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.
a16z: Stablecoins Are Reshaping Global Financial Infrastructure, Accelerating the Arrival of a New On-Chain Finance Era
A research report released by a16z Crypto states that stablecoins have evolved from niche trading tools into the foundational layer of a new global financial infrastructure, giving rise to a new generation of “Banking-as-a-Service” (BaaS) models. Unlike the previous wave of BaaS, this new model is built on onchain infrastructure and integrates account management, payments, foreign exchange, and credit functions via self-custodial wallets—significantly reducing reliance on traditional intermediaries. The report classifies blockchains into three categories: general-purpose public chains (e.g., Solana and Ethereum), purpose-built chains optimized for payment use cases (e.g., Stripe’s Tempo and Circle’s Arc), and compliance-focused networks designed for regulated institutions (e.g., Canton). On the regulatory front, following the passage of the GENIUS Act, stablecoin issuers are competing aggressively for national trust charters from the Office of the Comptroller of the Currency (OCC), aiming to gain direct access to the Federal Reserve’s payment rails and secure a central position within the payments stack. The report also notes that stablecoins have made significant progress in the “middle mile” of cross-border payments; however, liquidity bottlenecks between stablecoins and local fiat currencies remain unresolved in emerging markets. Looking ahead, as stablecoin scale grows, the onchain credit market is poised to become the next major opportunity after payments—providing capital to borrowers underserved by traditional financial systems. Moreover, the widespread adoption of stablecoins is expected to further reinforce the U.S. dollar’s global dominance.
Banking Circle officially launches stablecoin settlement services after obtaining the CASP license
According to an official announcement by Banking Circle, the company officially launched its stablecoin settlement service on April 27, 2026. Prior to this, Banking Circle had obtained a Crypto-Asset Service Provider (CASP) license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), on April 15. The new service enables instant, two-way conversions between fiat currencies and major stablecoins—including USDC, USDG, and EURI—and leverages Banking Circle’s core banking platform to deliver 24/7 settlement with full regulatory traceability. Globally, the stablecoin market capitalization currently stands at approximately €250 billion, with annual payment transaction volume reaching around €330 billion and monthly on-chain transaction volume exceeding €8 trillion. Laust Bertelsen, CEO of Banking Circle, stated that stablecoins have become core infrastructure for cross-border settlement and treasury management. This launch aims to combine the efficiency of blockchain-based payments with banking-grade compliance standards, serving Banking Circle’s global network of over 750 payment institution clients.
Lending protocol Purrlend suffered an attack, with losses of approximately $1.52 million
the lending protocol Purrlend was attacked on the MegaETH and HyperEVM networks, resulting in losses of approximately $1.52 million. The attacker extracted approximately $1.2 million in assets from the HyperEVM network, including 449,683 USDC, 214,125 USDT0, 194,745 USDH, and portions of UBTC, wstHYPE, UETH, kHYPE, and WHYPE. The attacker also extracted approximately $324,000 in assets from the MegaETH network, including USDT0, WETH, and USDm. Purrlend has since paused the protocol and launched an investigation. The attacker's address has been identified on the block explorers of both networks.
OSL Group Partners with Circle to Expand Global Access to USDC
According to The Block, OSL Group has announced a partnership with Circle’s affiliated entities to expand USDC integration across its payment and trading platforms. Through OSL Global, users can exchange USD for USDC at a 1:1 ratio and trade BTC, ETH, SOL, USD, and USDT pairs in a dedicated USDC trading zone. Meanwhile, OSL has adopted USDC as its unified margin asset and integrated USDC into its payment services to support compliant digital dollar settlement and payment use cases. OSL also stated that it plans to support Circle’s tokenized money market fund, USYC, subject to regulatory requirements and platform eligibility criteria.
Suspected Justin Sun address withdraws another 3.2 million USDT from Spark
According to on-chain analyst Ai Yi's monitoring, a suspected Justin Sun address has withdrawn another 3.2 million USDT from Spark. Since April 29, it has accumulated withdrawals of $96.62 million in stablecoins. The treasury address 0x939…6A1D1 still holds $1.15 billion in Spark, including 1.02 billion USDS and 131 million USDC.
Cooker.hl sold 45,786 HYPE tokens for 1.8 million USDC in the past 24 hours.
According to on-chain analyst Onchain Lens (@OnchainLens), over the past 24 hours, Pastel Alpha founder Cooker.hl (@CookerFlips) sold 45,786 HYPE tokens at an average price of $39.39, receiving $1.8 million in USDC, which was subsequently deposited into Coinbase.
Ethereum Foundation wallet received 22.92 million USDC from Coinbase Prime
According to on-chain analyst Ember (@EmberCN), the Ethereum Foundation’s wallet received 22.92 million USDC from Coinbase Prime five hours ago. Ember noted that this transfer may be related to the payment for the Ethereum Foundation’s over-the-counter (OTC) sale of 10,000 ETH to Bitmine one week ago.
AethirClaw Launches Pre-configured Crypto AI Agent CARA, Deployable in 5 Minutes
AethirClaw has officially launched CARA (Pre-configured Crypto AI Agent), running on Aethir's decentralized GPU infrastructure. Equipped with over 50 skills, it covers core crypto scenarios such as real-time market monitoring, whale wallet tracking, on-chain analysis, social media sentiment monitoring, and project due diligence, and users can use it out-of-the-box without any technical configuration.The platform supports payments via credit card as well as USDT, USDC, and ATH tokens. Aethir also disclosed that it will soon launch a Model-as-a-Service (MaaS) layer, running mainstream open-source large models on Aethir's decentralized GPU infrastructure, and expand multimodal capabilities including text-to-image and video generation.
A major whale opened a 10x-leveraged long BTC position on HyperLiquid, with a notional value of $57 million.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale deposited $4.497 million in USDC into HyperLiquid and immediately opened a long position of 750.3 BTC with 10x leverage, representing a notional value of approximately $57 million.
Hyperliquid Address Holds $13.58 Million Short Position on Crude Oil, Unrealized Loss of $1.8 Million
According to monitoring by on-chain analyst Ai Yi, address (0x60a...685f6) added 1.2 million USDC as margin to Hyperliquid ten minutes ago to raise the liquidation price of its crude oil short positions. The address currently holds short positions of 103,000 CL and 21,000 BRENTOIL, with a total value of $13.58 million, an unrealized loss of $1.8 million. The latest liquidation prices are $138.48 and $144.64, and funding fees have reached $240,000.
A MEV bot exploited a Meteora pool vulnerability to turn $0.22 into $696,000
SolanaFloor posted on X platform, stating that a suspected MEV bot turned $0.22 USDC into $696,000 USDC in a single transaction by executing an MEV-style price manipulation attack on Meteora's ANB pool. The ANB token dropped 99%.
Aftermath Finance attacked, approximately $1.1 million in USDC stolen
according to Blockaid monitoring, an ongoing attack has occurred on Aftermath Finance's perpetual contract protocol on the Sui Network, with approximately $1.1 million worth of USDC stolen across 11 transactions within about 36 minutes. Analysis indicates the vulnerability stems from a fee accounting flaw in the perpetual contract liquidation system, which the attacker exploited to artificially inflate synthetic collateral and drain funds from the protocol's treasury.
AftermathFi Perpetual Contracts Exploited in Vulnerability Attack, ~$1.1M USDC Stolen
According to on-chain security firm Blockaid (@blockaid_), AftermathFi’s perpetual contract on Sui Network was exploited via a vulnerability on April 29. The attacker (address: 0x1a65...2d41e) stole approximately $1.1 million in USDC across 11 transactions within roughly 36 minutes. The attack exploited a flaw in the perpetual contract liquidation fee calculation, enabling illicit withdrawals from the protocol’s treasury via synthetic collateral inflation.
DeFi United Raises Over $300 Million in Funding
Circle Ventures, Consensys, and Joseph Lubin have announced their support for the DeFi United initiative, aimed at mitigating losses caused by the Kelp DAO vulnerability. Circle Ventures is supporting the ecosystem by purchasing AAVE tokens. Consensys and Ethereum co-founder Joseph Lubin have confirmed the provision of 30,000 ETH to DeFi United. To date, DeFi United has raised over 132,000 ETH, with a total value exceeding $300 million. These funds will be used to cover bad debts resulting from an attacker minting unbacked rsETH via the LayerZero bridge and borrowing assets on Aave. Previously, Aave proposed a donation of 25,000 ETH, while Lido DAO, Ether.fi, and Kelp have respectively proposed or pledged donations of 2,500 ETH, 5,000 ETH, and 2,000 ETH.
Lending protocol Purrlend suffered an attack, with losses of approximately $1.52 million
the lending protocol Purrlend was attacked on the MegaETH and HyperEVM networks, resulting in losses of approximately $1.52 million. The attacker extracted approximately $1.2 million in assets from the HyperEVM network, including 449,683 USDC, 214,125 USDT0, 194,745 USDH, and portions of UBTC, wstHYPE, UETH, kHYPE, and WHYPE. The attacker also extracted approximately $324,000 in assets from the MegaETH network, including USDT0, WETH, and USDm. Purrlend has since paused the protocol and launched an investigation. The attacker's address has been identified on the block explorers of both networks.
Volo, a DeFi protocol in the Sui ecosystem, was hacked, with approximately $3.5 million in assets stolen.
According to an official announcement by Volo, a security vulnerability occurred today on the Sui network involving Volo—a BTCFi and LST protocol—resulting in the theft of approximately $3.5 million in assets (including WBTC, XAUm, and USDC) from three specific vaults. Immediately after the incident, the team notified the Sui Foundation and ecosystem partners and froze all vaults to prevent further losses. Volo stated that the vulnerability affected only these three vaults; the remaining vaults are not exposed to the same attack vector, and the other ~$28 million in TVL remains secure. The official announcement emphasized that Volo will bear the loss entirely and will not pass it on to users. A comprehensive post-mortem report and remediation plan will be released upon completion of the investigation.
Bitso Report: Stablecoins Account for 40% of Latin American Cryptocurrency Purchases, with USDC Purchases Exceeding Those of BTC
According to Bitcoin.com News, Bitso, one of Latin America’s largest cryptocurrency service providers, has released its “2025 Latin American Crypto Landscape Report.” The report shows that nearly 40% of cryptocurrency purchases in the region in 2025 involved U.S. dollar-pegged assets such as USDT and USDC. The analysis draws on data from nearly 10 million customers across key markets including Argentina, Brazil, Colombia, and Mexico.
AethirClaw Launches Pre-configured Crypto AI Agent CARA, Deployable in 5 Minutes
AethirClaw has officially launched CARA (Pre-configured Crypto AI Agent), running on Aethir's decentralized GPU infrastructure. Equipped with over 50 skills, it covers core crypto scenarios such as real-time market monitoring, whale wallet tracking, on-chain analysis, social media sentiment monitoring, and project due diligence, and users can use it out-of-the-box without any technical configuration.The platform supports payments via credit card as well as USDT, USDC, and ATH tokens. Aethir also disclosed that it will soon launch a Model-as-a-Service (MaaS) layer, running mainstream open-source large models on Aethir's decentralized GPU infrastructure, and expand multimodal capabilities including text-to-image and video generation.
Binance Completes Integration of USDC on Starknet and USD1 on AB Chain, Opens Deposits and Withdrawals
According to the official announcement, Binance has now completed the integration of USDC on the Starknet network and World Liberty Financial USD (USD1) on the AB chain, and deposits and withdrawals are now available.
Meta Resumes Stablecoin Payments, Offers USDC Settlement Services to Creators
According to Fortune, Meta has quietly launched a stablecoin payment feature, offering select creators in Colombia and the Philippines the ability to receive payments in USDC on the Solana and Polygon networks. Creators can enter their third-party wallet addresses into Facebook’s payout platform to withdraw funds. Meta does not provide USDC-to-local-fiat conversion services and partners with Stripe to handle related tax filings. According to Marc Boiron, CEO of Polygon Labs, the initiative is expected to expand to over 160 countries by year-end. This launch comes more than four years after Meta’s Libra project—later renamed Diem—was discontinued in 2022.
Meta supports some creators settling in USDC, connecting Solana and Polygon wallets
Meta has begun offering select creators the option to settle payments in USDC, allowing users to withdraw their earnings directly to wallets on Solana or Polygon.Creators can link crypto wallets (such as MetaMask, Phantom, etc.) to receive funds. Payment services are supported by Stripe, and users may be provided with crypto-related tax reports.Meta also cautioned that stablecoin payments carry inherent risks, and users are responsible for securing their own accounts and wallets; in the event of technical issues or special circumstances, the company may resort to alternative payment methods to complete settlements.According to previous reports, Meta is planning to further expand its stablecoin-related operations within the year.
Bitget Wallet Launches May Day QR Code Payment Campaign with Cashback up to 1,000 RLUSD per Transaction
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.
Related news
A MEV bot exploited a Meteora pool vulnerability to turn $0.22 into $696,000
SolanaFloor posted on X platform, stating that a suspected MEV bot turned $0.22 USDC into $696,000 USDC in a single transaction by executing an MEV-style price manipulation attack on Meteora's ANB pool. The ANB token dropped 99%.
Bitso Report: Stablecoins Account for 40% of Latin American Cryptocurrency Purchases, with USDC Purchases Exceeding Those of BTC
According to Bitcoin.com News, Bitso, one of Latin America’s largest cryptocurrency service providers, has released its “2025 Latin American Crypto Landscape Report.” The report shows that nearly 40% of cryptocurrency purchases in the region in 2025 involved U.S. dollar-pegged assets such as USDT and USDC. The analysis draws on data from nearly 10 million customers across key markets including Argentina, Brazil, Colombia, and Mexico.
USDC Treasury mints 250 million new USDC tokens on Solana
According to Whale Alert monitoring, the USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.
Dan Bin’s fund has once again increased its holdings in crypto-concept stocks, purchasing over $3 million worth of Circle
According to the latest 13F filing by Dan Bin’s fund “Oriental Harbor”, the fund increased its holdings of 31,700 shares of CRCL during the latest reporting period, valued at $3.02 million.According to a July 2025 report by Odaily, crypto company Coinbase was newly included in Oriental Harbor’s portfolio in the second quarter of 2025, with a position valued at approximately $54.7 million.
Suspected Justin Sun address withdraws another 3.2 million USDT from Spark
According to on-chain analyst Ai Yi's monitoring, a suspected Justin Sun address has withdrawn another 3.2 million USDT from Spark. Since April 29, it has accumulated withdrawals of $96.62 million in stablecoins. The treasury address 0x939…6A1D1 still holds $1.15 billion in Spark, including 1.02 billion USDS and 131 million USDC.
Cooker.hl sold 45,786 HYPE tokens for 1.8 million USDC in the past 24 hours.
According to on-chain analyst Onchain Lens (@OnchainLens), over the past 24 hours, Pastel Alpha founder Cooker.hl (@CookerFlips) sold 45,786 HYPE tokens at an average price of $39.39, receiving $1.8 million in USDC, which was subsequently deposited into Coinbase.