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.
Circle announced plans for Circle Wrapped Bitcoin (cirBTC), a new token meant to make Bitcoin natively usable in DeFi protocols. The move could shift liquidity dynamics for BTC and stablecoins like USDC across lending and DEX markets.
On-chain investigator ZachXBT alleged Circle failed to stop millions in stolen USDC flowing through its native cross-chain bridge after the $285 million Drift Protocol exploit. The claim intensifies scrutiny on Circle's monitoring and intervention role for USDC.
Circle shares fell sharply this week after a draft of the CLARITY Act proposed limits on stablecoin yields, raising investor concerns about USDC revenue prospects and business model sustainability.
Fannie Mae is launching a mortgage product that accepts BTC and USDC as down payment collateral through a partnership with Coinbase and Better Home & Finance. The move marks a notable step toward integrating crypto into mainstream home finance.
On March 25, 2026, researcher ZachXBT alleged that Circle wrongfully froze 16 hot wallets holding USDC belonging to active businesses, including exchanges and online casinos. The claim has reignited concerns about centralized control over stablecoin liquidity and business operations.
Ledger has appointed a former Circle executive as its new CFO to accelerate a U.S. expansion and prepare for a potential public offering. The hire is part of a broader effort to strengthen leadership and IPO readiness.
SBI VC Trade will launch a retail USDC lending service in Japan on Thursday, March 19, 2026, letting users lend up to 5,000 USDC per fixed-term product. The offering opens a regulated channel for Japanese retail investors to earn yields on a popular dollar-pegged stablecoin.
Circle executive Dante Disparte told the House of Lords committee that the UK should combine the clarity of the EU's MiCA rules with principles from the US GENIUS Act to create a competitive rulebook for stablecoins like USDC.