A group of Drift Protocol investors are seeking to bring stablecoin issuer Circle to court, blaming the company for its inaction following the Drift Protocol hack.

Circle has unveiled cirBTC, a fully on-chain verified wrapped Bitcoin token backed 1:1 by native BTC reserves

Drift Protocol was hacked on April 1, 2026, losing $285 million in minutes as an attacker drained funds using a fake token and manipulated oracles.

MoonPay has introduced an open-source wallet framework designed to enable AI agents to hold funds and execute blockchain transactions, as the industry moves toward integrating autonomous software with financial infrastructure.

Circle’s stock extended its breakout Monday, climbing another 15% and pushing gains to roughly 60% since last week’s fourth-quarter earnings report, as investors rotate into stablecoin-linked equities amid a broader crypto rebound.

Decentralized prediction market leader Polymarket is making a bold move to strengthen the safety and reliability of its settlement infrastructure by migrating its trading collateral from bridged USDC to Circle-issued native USDC.

U.S. dollar-backed stablecoins are emerging as a major threat to traditional banking deposits, with a new analysis from Standard Chartered estimating that as much as $500 billion could be siphoned from U.S. bank coffers by the end of 2028 if current adoption trends continue.

Jeremy Allaire argues yield-bearing stablecoins boost adoption without threatening traditional banking, as AI-driven payments loom on the horizon.

Bybit EU, the European arm of global cryptocurrency exchange Bybit, has launched a Christmas promotion offering 50 USDC to new users.

The stablecoin market has reached a historic milestone, crossing $310 billion in total capitalization for the first time. This surge underscores the growing importance of fiat-backed digital assets in the crypto ecosystem and signals increasing trust from both retail and institutional investors amid market volatility.