Circle blacklists wallets involved in $63 million USDC outflow from Multichain protocol security breach
Circle, the issuer of USDC, has responded to a security breach by blacklisting three wallet addresses and freezing $63 million in USDC. The breach involved the transfer of $126 million worth of crypto assets from Multichain's bridge deployments on Fantom and Dogechain to third-party wallets, prompting Multichain to advise users against using its services temporarily.
Circle Launches Wallet-As-A-Service Platform for Developers to Embed Web3 Wallets in Their Apps
Circle, the issuer of USDC stablecoin, has launched a wallet-as-a-service platform for developers. The platform enables developers to embed web3 wallets in their apps with a user-friendly design, allowing users to access NFTs, cryptocurrencies, and other web3 digital assets on any blockchain. Circle CEO Jeremy Allaire announced on Twitter that the platform is now available for self-service, with forthcoming updates allowing developers to control user private keys. The company's wallet-as-a-service developer platform is currently in beta testing and USDC remains the second-largest stablecoin supply after Tether.
Circle Considers Issuing Stablecoin in Japan Following New Legislation
Payment services company Circle is considering issuing a stablecoin in Japan following the implementation of legislation governing stablecoins on June 1. CEO Jeremy Allaire believes Japan could become an extremely large market for stablecoins if they are more widely used for cross-border trade and global commerce.
A Whale borrowed 22M $USDC from Aave and Compound
July 4 (Cointime) - According to Lookonchain, A whale deposited 7,265 $ETH ($14.22M) and 205 $WBTC ($6.36M) into #Aave and #Compound 2 hours ago, borrowed 10M $USDC and deposited to #Circle.
Former Genesis and Gemini Executives Join Web3 Wallet Infrastructure Firm Dfns, Circle Adds Goldman Sachs Veteran to Board
July 1 (Cointime) - Dfns, a Web3 wallet infrastructure and security company, has hired former executives from Genesis and Gemini. John Conneely, who was previously in charge of institutional custody at Genesis, has been appointed as Vice President of Business Development and Sales at Dfns. Noah Cornwell, who was previously Vice President of Engineering at Gemini, has been appointed as Chief Technology Officer at Dfns. Meanwhile, Circle has appointed Craig Broderick, who has worked at Goldman Sachs for 38 years, to its board of directors.
Circle Launches Cross Chain Transfer Protocol (CCTP) on Arbitrum to Boost USDC Movement on Ethereum Layer-2 Scaling Network
June 27 (Cointime) - Circle, a blockchain startup and stablecoin issuer, has launched its Cross Chain Transfer Protocol (CCTP) on Arbitrum to facilitate the movement of USDC stablecoin on the Ethereum Layer-2 scaling network.
Aussie Fintech Stables Launches Asia Pacific's First Virtual Stablecoin Card in Partnership with Mastercard and Circle
June 27 (Cointime) - Aussie Fintech Stables, formerly known as Tiiik, has partnered with Mastercard and Circle to launch Asia Pacific's first virtual stablecoin card. This innovative offering allows users to spend their stablecoin balance securely and seamlessly wherever Mastercard is accepted, whether in stores or online.
USDC added $300 M past week, but Overall Market Cap fell $27.4 billion over the Last 365 Days of the Trend
June 26 (Cointime) -According to the official news, last 7 days Circle issued a total of $900 million USDC, redeemed $600 million USDC, circulation increased by about $300 million; the past 365 days, a total of 129 billion issued, redeemed 156.4 billion, liquidity decreased by 27.4 billion.
After the High-Profile Collapse of Silicon Valley Bank (SVB) in March, the US Government Spent $12.7 Billion To Bail Out the Top 10 Large Institutional Savers in the Banking Crisi
June 26 (Cointime) - The document reveals the names of the firms that were bailed out, along with their total deposits that immensely exceed the $250,000 FDIC protection limit per account.
Circle Was Top Depositor Helped by Government-Backed Guarantee of Silicon Valley Bank
June 23 (Cointime) - According to documents from the Federal Deposit Insurance Corporation (FDIC), Circle, the issuer of the USDC stablecoin, was the top depositor at Silicon Valley Bank with the help of a government-backed guarantee.
