Circle’s CEO defended the company’s authority to freeze USDC after the $270 million Drift Protocol exploit and urged faster legal frameworks to enable rapid, lawful responses to crypto hacks.
Six Swiss banks and Swiss Stablecoin AG unveiled a sandbox on April 8 to pilot a Swiss franc–pegged stablecoin. The pilot will test payments, custody, liquidity and compliance within a controlled, regulated environment.
The Ethereum Foundation plans to offload 5,000 ETH into stablecoins using a TWAP execution via CoW Swap, aiming to limit market impact and timing risk.
The Ethereum Foundation has begun converting 5,000 ETH—roughly $10 million—into the stablecoin DAI. The transaction appears to be part of a treasury diversification strategy aimed at preserving funding for long-term development.
Ripple has minted 9.9 million RLUSD on Ethereum, topping up its official RLUSD Treasury wallet after weeks of on-chain RLUSD burns. The move suggests active supply management and renewed liquidity for the token.
The U.S. Treasury is proposing rules that would subject stablecoin issuers to the same regulatory safeguards as banks, requiring measures to detect and prevent illicit transactions. The move aims to bring stablecoins into standard AML/CFT frameworks.
South Korea is advancing stablecoin-based payment pilots with international firms to serve visitors, keeping foreign interest alive despite recent regulatory headwinds. The move aims to simplify cross-border spending and test practical use cases for stablecoins in tourism and retail.
Prediction markets platform Polymarket will launch 'Polymarket USD', a USDC-backed collateral token that will serve as the settlement asset for all contracts. The move is part of a broader infrastructure upgrade intended to standardize settlements and improve liquidity.
Circle declined requests to freeze about $285 million in USDC stolen from the Drift protocol. The decision has drawn criticism and renewed debate about recoverability and accountability in DeFi.
Ripple’s RLUSD has been listed on Coinone, giving South Korean users direct KRW access to the stablecoin. The move advances Ripple’s push to scale RLUSD across regulated markets and grow liquidity-driven use cases.