Insights into USDC adoption, stablecoin regulation, and integration across global financial systems.
This is the first time since the collapse of Terra's UST that Cosmos will have a native stablecoin issued on the blockchain.
Andjela Radmilac 2 min read 
The hacker tweeted about a fake USDC airdrop to compensate holders who held the stablecoin during its depeg.
Circle said the Euros-pegged stablecoin EUROC could become a compliant e-money under Europe's Markets in Crypto-Assets (MiCA) regulations.
Meanwhile, the largest stablecoin by market capitalization USDT has experienced an 8.7% increase in supply.
The scam attempts to capitalize on USDC's post-depeg recovery.
“Trust, safety, and 1:1 redeemability of all USDC in circulation is of paramount importance to Circle," CEO Jeremey Allaire said.
Peckshield reported that wallet connected to Ethereum co-founder Vitalik Buterin also bought the USDC dip.
Although it is expected that Circle's $3.3 billion SVB deposits will be reinstated this week, the aftershocks to DeFi are likely to remain.
Circle said that the $3.3 billion of USDC reserve deposits held at Silicon Valley Bank will be fully available on Monday.
