USDC News Today

Justin Sun withdrew 55.01 million USDC from a major CEX and deposited it into the Spark protocol, totaling $179 million in deposits since Aave's bad debt incident, highlighting Spark's growing liquidity.

Singapore Gulf Bank has launched USDC minting and redemption services on the Solana network for institutional clients, enhancing transaction efficiency and addressing challenges in transferring large sums between traditional and crypto markets.

SGB enables instant USDC minting and redemption on Solana, improving cross-border payments with real-time settlement. Service targets institutions, removing intermediaries and supporting 24/7 liquidity and treasury management. Expansion plans include more stablecoins and retail access, li

A whale deposited 3 million USDC to HyperLiquid, boosting its 30x leveraged Bitcoin short to 700 BTC, valued at $52.89 million. The short was opened at $75,919, with a liquidation price of $80,839.93.

SGB enables instant USDC minting and redemption on Solana, improving cross-border payments with real-time settlement. Service targets institutions, removing intermediaries and supporting 24/7 liquidity and treasury management. Expansion plans include more stablecoins and retail access, li

Circle's new USDC Bridge aims to turn cross‑chain transfers into a near‑invisible backend plumbing layer for on‑chain dollars, replacing fragmented bridges with a single bank‑style ledger experience operated end‑to‑end by Circle itself. Summary Circle has launched a native USDC Bridge, a burn‑a

Gate News message, April 18 — According to Onchain Lens, a newly created wallet deposited $1.99 million USDC to Hyperliquid and opened a 5x leveraged long position in ASTER.

Representing more than 100 members, Joshua McCollum, a Drift Protocol investor, filed a lawsuit against Circle on Wednesday in the U.S. District Court for the District of Massachusetts. The lawsuit alleges that in the April 1 theft incident involving approximately $280 million worth of Drift Protocol, Circle allowed the attacker to transfer roughly $230 million USDC to Ethereum via a cross-chain transfer protocol.

Circle faces a class action lawsuit for failing to freeze $230 million in stolen USDC after the Drift Protocol attack. Plaintiffs argue that Circle's protocols allowed attackers to move and convert the stolen funds without intervention, raising concerns about the company's responsibilities in monitoring cross-chain transfers.

Gate News message, a newly created wallet deposited $7.45M USDC into HyperLiquid and bought 169,838 HYPE at $43.86. Of that, 10,000 HYPE has been sent for staking.

Drift Protocol announced a recovery plan backed by $150 million after a $280 million exploit, transitioning from USDC to USDT, impacting 128,000 users. The plan links user balance restoration to ongoing trading, following criticism of Circle's response to the hack.

Gate News message, April 16 — According to Whale Alert, Circle has minted 250 million USDC on the Solana blockchain.

Circle CEO Jeremy Allaire said the yuan stablecoin faces a huge business opportunity. He expects that China will roll out related products within the next three to five years and may change its regulatory stance toward digital assets. With rising demand for USDC, Hong Kong’s cross-border payment potential is also gaining attention, and Circle is closely monitoring changes in U.S. regulatory policy.

A whale deposited 3,500 ETH worth $8.26 million into Aave V3, borrowed 8 million USDC, then purchased 3,386 ETH and redeposited it, now holding 6,886 ETH valued at around $16.22 million.

Circle has launched a new cross-chain USDC payment mechanism for high-frequency settlements, utilizing the Cross-Chain Transfer Protocol to pre-fund transfers and enable batch settlements, thereby minimizing operational overhead and reducing burn operations.

Against the backdrop of the gradual expansion of global crypto and financial regulation, Circle co-founder Jeremy Allaire was named to Time’s 2026 list of the 100 most influential people, symbolizing the growing importance of stablecoins. Circle has evolved from a digital payments company into a stablecoin platform centered on USDC, and plans to become part of global financial infrastructure. This shift makes its business model more akin to a digital money market fund, foreshadowing the potential profitability and growth of stablecoins in the future.

Circle CEO Jeremy Allaire said the company will not proactively freeze wallet addresses unless it receives a court order or law-enforcement requirement. Even amid allegations of hacker money laundering and community backlash, Circle continues to insist on operating under the rule of law. Jeremy Allaire sets Circle’s law-enforcement bottom line ----------------------------- As the global cryptocurrency market surges with uncertainty, Circle’s CEO Jeremy Allaire, at a press conference in Seoul, South Korea, made a clear stance on the market’s most sensitive issue of “asset freezes.” He noted that while Circle has technical means to freeze specific wallet addresses, unless it receives a court order or an official directive from law-enforcement agencies, the company will not