Circle took no action to freeze $285M in stolen USDC after the Drift hack. ZachXBT published on-chain data showing $420M in USDC compliance failures since 2022.

Over the past seven days, the circulating supply of USDC decreased by approximately 800 million tokens. According to official data, between April 2 and the previous seven days, Circle issued approximately $5.9 billion in USDC and redeemed approximately $6.7 billion in USDC, resulting in a net reduction of about 800 million tokens in circulation. The total circulating supply of USDC is $77.1 billion, with reserves totaling approximately $77.2 billion, comprising approximately $43.9 billion in overnight repurchase agreements on U.S. Treasuries, approximately $20.3 billion in U.S. Treasuries with maturities of less than three months, approximately $12.4 billion in deposits at systemically important institutions, and approximately $600 million in other bank deposits.

. $AUSD is being phased out on @injective. • Minting has stopped, no new $AUSD will be issued • Rewards for holders have ended If you’re holding $AUSD: → You can still redeem 1:1 (at par) → Deadline: September 28, 2026 At the same time, momentum is building around native $USDC. Over 99.7% of participants have already voted YES on the Real-Time USDC Mainnet Upgrade proposal. If you’re staking $INJ, make sure you vote.

⚡ STABLECOIN SUPPLY RECORD :: The total stablecoin supply just hit a massive, record-breaking $315 billion in Q1. Verified data reveals shifting dynamics as $USDC actively gains significant market ground while the dominant $USDT finally slips.

#Circle is facing questions on how it handles #crypto compliance $USDC supply stands near $77.1B, with about 7% of alleged compliance cases tied to a single major exploit, raising focus on how and when funds are frozen. Watch whether Circle changes its response process after recent cases

Made a new connection at the gym today and somehow the conversation turned into stablecoins Started breaking down how digital dollars like USDC are quietly reshaping how value moves, especially in places where traditional systems slow people down. We spoke about decentralization not as theory, but as something practical, something you can actually use in everyday life By the end of it, we agreed to link up next week, hit the mall, and I’ll walk him through how to make real purchases using USDC Real adoption doesn’t start online. It starts in moments like this.

ZachXBT accuses Circle: since 2022, failed to freeze over $420M in stolen USDC across 15 hacking incidents, including $232M from Drift—yet mistakenly froze 16 legitimate wallets! The issuer is overly cautious about the law, while the ecosystem loses billions. Can you trust USDC? #USDC #Circle #Crypto

Silo’s Sonic market looks completely jammed now. USDC vault: 100% utilization 0 USDC left to borrow 81.8% borrow APR 69.5% supply APR Meanwhile the $S side has about $3M in TVL. So let’s call it what it is: this market is begging for an ugly unwind. When a vault is this pinned, the yield is not a sign of strength. It is a sign of stress. And if users are overlevered against $S to chase this USDC carry, then that $3M of $S collateral becomes potential sell pressure the second the unwind starts. That is the problem with reflexive yield loops: they look amazing on the way up, then they turn into forced sellers on the way down. This is not sustainable. This is the type of chart people post right before asking why everything nuked. @SonicLabs @SiloFinance has been quiet about it.