Circle CEO Jeremy Allaire explained the decision not to freeze USDC assets after the Drift protocol exploit as a "moral dilemma" #USDC #hacks

🇰🇷 Circle forms a strategic partnership with Dunamu, the parent company of South Korean crypto exchange Upbit #USDC

JUST IN: IMF warns stablecoins of bank-run risk due to inadequate reserves & regulation. Tether's Bitcoin holdings may trigger mass redemptions. Central bank reserves recommended for reliable backing. IMF suggests new revenue models to avoid risky investments.

Circle has teamed up with Dunamu, the parent company of Upbit, which could enhance the adoption and transparency of USDC in South Korea's crypto market. With Synnax's real-time monitoring, investors can keep an eye on liquidity coverage and reserves risk of USDC, ensuring that potential depegging events are flagged early. It’s a move that’s worth scrutinizing closely. #crypto $USDC ⬇️

Polymarket's USD stablecoin to be 100% backed by $USDC - No fractional reserve - No algorithmic peg They easy money grab for @polymarket would have been to make a fractional reserve stablecoin : > take the $USDC deposits > issue $pUSD in return > keep just enough $USDC aside to fill withdrawals > lend the $USDC deposits and make money on it They have enough trust to pull it off + the pockets to bailout any unforeseen crash. But they decided to stay 100% backed and lock the collateral in the contract, foregoing any extra yield they could have made. It's respectable when you know that not even stablecoins issuers themselves keep 100% backing these days ( Hello @tether ) Bullish on these guys

$DUSK has been moving quietly… but steadily. Clean structure, consistent momentum, and it’s starting to get attention again. No hype, just a solid build. Feels like one of those moments where things are lining up in the background, especially with the push toward regulated on-chain finance in Europe.🏦 Still flying under the radar for most. #RWA #Crypto @DuskFoundation

$CRCL One of the key metrics for the business is RLDC Margin. RLDC is calculated as Total Revenue and Reserve Income less Total Distribution, Transaction, and Other Costs. It's an important metric because it shows how much revenue the company actually keeps after sharing and operational expenses. Circle pays distribution costs primarily to its distribution partners, with $COIN being the major beneficiary. In FY2025, $CRCL posted an RLDC margin of ~40%. This implies about 60% going to partners. A huge portion goes to $COIN as a result of a restructuring partnership deal in 2023. As part of the deal, $COIN acquired an equity stake in $CRCL while the following terms were agreed upon: 1. $COIN keeps 100% of the reserve income from USDC held on its platform 2. $CRCL keeps 100% from USDC on its own platform 3. $COIN & $CRCL evenly split any remaining reserve income held elsewhere ~23% of USDC balances are held within the $COIN platform while a minuscule amount is held on $CRCL. Hence, $COIN is a key partner for $CRCL that will be closely tied to $CRCL's fortunes in the coming years.