USDC News Today

Circle has significantly increased USD Coin (USDC) minting on Solana, totaling over $10.25 billion recently. This surge indicates strong demand linked to crypto trading and DeFi growth, positioning Solana as a key player for stablecoin activity.

Gate News message, Circle destroyed another 250 million USDC four hours ago. Over the past month, Circle has destroyed a total of 10.25 billion USDC on Solana. According to Lookonchain's earlier report on April 3, 2026, Circle has been destroying 750 million USDC per day over the past four days, tot

After the $285 million Drift hack, the focus is shifting to Circle (CRCL) and whether it could have done more to stop the money. The attacker siphoned off roughly $71 million in USDC as part of the exploit Wednesday, according to blockchain security firm PeckShield. After converting most of the

The U.S. stablecoin company Circle has been accused of failing to effectively freeze more than $420 million in suspicious USDC funds. Investigators ZachXBT pointed out that since 2022, Circle has delayed freeze actions in multiple hack incidents, sparking questions about its compliance. The Drift Protocol attack involved in the incident has also made Circle’s criticism the focus. Market calls for Circle to raise its risk management standards were followed by serious losses to users caused by its delayed compliance enforcement.

The “Futures Events Exchange,” launched in Taiwan as early as 2006, combines academic research with market mechanisms and has become an important prediction market in the Chinese-speaking world. The platform trades using virtual currency to predict the likelihood of future events based on prices; some predictions performed better than polls, but later it shut down after a transition. Compared with Polymarket today, the Futures Events Exchange is more like an academic experiment.

Gate News update: On April 3, according to Lookonchain monitoring, Circle has continued minting USDC over the past 4 days. The daily minting amount is 750 million tokens, for a total of 3 billion minted USDC over 4 days.

On-chain investigator ZachXBT accuses stablecoin issuer Circle of making more than $420 million in compliance execution mistakes since 2022, failing to promptly freeze the USDC funds involved, which led to funds draining in multiple security incidents, with a slower response time than competitors.

In Q1 2026, the total stablecoin supply reached $320 billion, setting a new all-time high. Total trading volume surpassed $2.8 trillion, accounting for 75% of total cryptocurrency trading volume. The supply trends of USDC and USDT diverged, and the share of automated trading rose to 76%.

Stablecoins stood out as a rare bright spot in an otherwise muted first quarter for the crypto market. Fresh data from CEX.IO shows the sector expanded despite a broad downturn, underscoring their evolving role as the market’s liquidity backbone and a defensive option for investors navigating

The dYdX Foundation announced on April 2 that it has passed the #372 on-chain community vote and will allocate $10 million USDC from the insurance fund to support DAO operations. The funds are allocated to the operating sub-DAO, the treasury sub-DAO, and the foundation for operations, reserves, and ecosystem development, respectively. The current insurance fund holds approximately $17 million USDC.

Drift confirms $280 million exploit, risk spreads to USDC flows Drift said the $280 million exploit originated from the approval of unauthorized transactions through a durable nonce, raising concerns about USDC safety and fund flows. Drift confirms the $280 million exploit was not caused by a smart contract issue

Onchain investigator ZachXBT criticized Circle on April 2, 2026 for failing to act while millions in stolen USDC moved through its Cross-Chain Transfer Protocol (CCTP) during the $285 million Drift Protocol exploit, despite the issuer having frozen 16 business wallets days earlier in a sealed civil case.