News linked to both this project and an event.
According to an official announcement, Circle has officially launched CPN Managed Payments, a托管 payment service that enables banks, payment service providers (PSPs), fintech companies, and major technology firms to integrate fiat-to-fiat and fiat-to-stablecoin payment flows—without needing to build their own wallets or blockchain infrastructure. This service aims to address core challenges institutions face when adopting stablecoin payments—including digital asset custody, stablecoin minting and management, and the application for and maintenance of regulatory licenses. With CPN Managed Payments, Circle handles all these components centrally; financial institutions can integrate directly via API and operate on the CPN network without holding or managing digital assets themselves. Circle stated that this launch represents a significant expansion of its existing CPN services, leveraging over a decade of experience operating compliant cryptocurrency payment infrastructure to accelerate global financial institutions’ adoption of stablecoin-based payment solutions.
U.S. law firm Gibbs Mura has launched a class-action litigation investigation into the April 1, 2026, hack of Drift Protocol, reviewing potential investor claims against Circle Internet Financial. The attack resulted in the theft of approximately $280–285 million in assets. The attacker subsequently used Circle’s Cross-Chain Transfer Protocol (CCTP) to bridge over $230 million worth of USDC to Ethereum—Circle took no action to freeze the funds throughout the incident. Notably, just nine days prior, Circle had voluntarily frozen 16 business wallets in a separate civil dispute. Blockchain analytics firm Elliptic suspects the attack was carried out by a North Korea–backed hacking group. As a result of the breach, Drift Protocol’s total value locked (TVL) plummeted from $550 million to below $250 million, the DRIFT token price dropped more than 40%, and at least 20 DeFi protocols suffered indirect losses.
According to Crowdfundinsider, UK-based ClearBank has announced that it has received approval under the EU’s Markets in Crypto-Assets Regulation (MiCA) and obtained a Crypto-Asset Service Provider (CASP) license from the Netherlands Authority for the Financial Markets (AFM). The bank plans to launch digital asset services, including stablecoins, and stated it intends to support euro- and U.S. dollar–backed stablecoins—EURC and USDC—to enhance cross-border transfers and payments. Additionally, ClearBank said it will offer savings accounts through Coinbase and bring them under the protection of the UK’s Financial Services Compensation Scheme (FSCS).