USDC issuer Circle issues warning about hacked executive account
The hacker tweeted about a fake USDC airdrop to compensate holders who held the stablecoin during its depeg.
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The hacker tweeted about a fake USDC airdrop to compensate holders who held the stablecoin during its depeg.
Oluwapelumi Adejumo 2 min read
Circle said the Euros-pegged stablecoin EUROC could become a compliant e-money under Europe's Markets in Crypto-Assets (MiCA) regulations.
Djed's stability during recent turbulence prompted DeFi protocols to request the stablecoin go multichain.
USDT's supply has grown by more than 10% in the last 30 days to $76.97 billion, according to CryptoSlate data.
Mastercard will reportedly power the card for Australian stablecoin firm Stables, as announced by Marqeta in a March 20 press release.
The sharp drop in demand has been followed by an uptick in demand for other stablecoins, like USDT.
Meanwhile, the largest stablecoin by market capitalization USDT has experienced an 8.7% increase in supply.
Meanwhile, Circle's USDC stablecoin maintains $1 peg despite recent banking contagion and widespread fear in the banking sector.
An executive vote is required before the change is deployed to the DAI protocol.