Insights into USDC adoption, stablecoin regulation, and integration across global financial systems.
The Drift exploit exposes a growing contradiction in how stablecoin issuers enforce control during crises.
As of press time, almost all of the big stablecoins are struggling with maintaining their peg except for Tether's USDT, which is trading slightly above its peg at $1.01.
Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB.
Circle (Circle Internet Group, Inc.) is a U.S.-based financial technology company that issues fiat-backed stablecoins and provides open infrastructure for blockchain-based payments.
