USDC News Today

Stablecoins stood out as a rare bright spot in an otherwise muted first quarter for the crypto market. Fresh data from CEX.IO shows the sector expanded despite a broad downturn, underscoring their evolving role as the market’s liquidity backbone and a defensive option for investors navigating

The dYdX Foundation announced on April 2 that it has passed the #372 on-chain community vote and will allocate $10 million USDC from the insurance fund to support DAO operations. The funds are allocated to the operating sub-DAO, the treasury sub-DAO, and the foundation for operations, reserves, and ecosystem development, respectively. The current insurance fund holds approximately $17 million USDC.

Drift confirms $280 million exploit, risk spreads to USDC flows Drift said the $280 million exploit originated from the approval of unauthorized transactions through a durable nonce, raising concerns about USDC safety and fund flows. Drift confirms the $280 million exploit was not caused by a smart contract issue

Onchain investigator ZachXBT criticized Circle on April 2, 2026 for failing to act while millions in stolen USDC moved through its Cross-Chain Transfer Protocol (CCTP) during the $285 million Drift Protocol exploit, despite the issuer having frozen 16 business wallets days earlier in a sealed civil case.

Yunlin District Prosecutors Office cracked the nation’s first case involving a virtual currency nine-in-one election betting platform, and two bettors are being investigated for violating the “Election and Recall Act” and gambling-related offenses. As early as February, authorities had warned about the illegality of this type of betting activity. The case shows that on-chain transactions are not anonymous and can be traced, which affects the fairness of the election.

Gate News message: On April 2, DeBox has been officially incorporated into the Circle Alliance Program, enabling integration of stablecoin payments for more than 20 million users. DeBox will deeply integrate Circle’s stablecoin infrastructure (such as USDC) into its native app.

ZachXBT criticized Circle for not taking action in the Drift hacking incident, with millions of USDC moved from Solana to Ethereum. Circle has frozen part of its hot wallets, but progress has been slow to resume. He says Circle is a bad actor in the industry.

Gate News message. On April 1, according to monitoring by Onchain Lens, a newly created wallet address "0x9d3" deposited 19.6 million USDC into HyperLiquid to go long CL (WTI crude oil futures, valued at $25.67 million) and BRENTOIL (Brent crude oil futures, valued at $15.6 million). It is currently down more than $2.3 million.

OSL Group (863.HK) announced its 2025 performance. Total revenue and core operating revenue both hit record highs, increasing by 30.4% and 150.1%, respectively. Going forward, it will advance a payment blueprint based on stablecoins and the application of AI technology, strengthening its position in global financial infrastructure. Stablecoin trading volume accounts for 60% of total trading volume.

Will Peck said WisdomTree’s digital asset innovation won’t be affected by whether the $CLARITY Act is passed, because existing SEC regulatory tools are already sufficient to support the development of tokenized securities and funds. The company is committed to tokenized money market funds with real-time settlement, breaking traditional settlement constraints, improving liquidity, and reflecting that even amid market volatility, demand for tokenized financial products remains steady.

Gate News message, a newly created wallet has deposited $1.9 million USDC into HyperLiquid and opened an ETH short position with 20x leverage. The position involves 7,144.78 ETH valued at $15 million, with an entry price of $2,098.47 and a liquidation price of $2,319.12.

Gate News message, on March 31, Whale Alert monitoring shows that USDC Treasury minted an additional 250 million USDC tokens on the Solana chain.

Gate News message: On March 31, according to Onchain Lens monitoring, a new address deposited $9.6 million in USDC into the decentralized derivatives trading platform HyperLiquid, and opened a CL Brent crude oil (U.S. light sweet crude oil futures) long position contract with 20x leverage. The value of the current position is $5.23 million.