Pornhub Switches Creator Payouts from USDT to USDC for Greater Reliability

Circle, OSL Expand USDC Access as Asia Cross-Border Demand Grows

Institutional access to digital dollar liquidity is growing as cross-border settlement demand rises and stablecoins gain a larger role in market infrastructure. OSL Group and Circle are expanding USDC use across trading, payments, and settlement in Asia. Key Takeaways: OSL Group expanded USDC acc

Circle Proposes Emergency Rate Overhaul for Aave's Frozen USDC Pool

Summary: Circle proposes an emergency Aave V3 USDC overhaul, lifting Slope 2 to ~40% to restore healthy utilization (target ~85%), with max rate rising to ~48%, arguing borrowers ignore rates; also suggests pausing the USDC risk oracle. Abstract: Circle has urged an emergency overhaul of Aave V3's USDC pool after four days at near-6% idle liquidity and 99.87% utilization following the KelpDAO exploit. The plan would immediately raise Slope 2 for USDC deposits from about 10% to 40%, followed by governance ratification of a 50% target within a week. The aim is to attract supply and restore balanced utilization, with a move to a higher max supply rate (about 48%) at full utilization. Liao argues current borrowers use USDC borrowing as a queue-bypass mechanism and are insensitive to current rates, making supply-focused incentives essential. The proposal also recommends pausing the USDC Risk Oracle due to past underperformance. Circle’s stance is notable because a stablecoin issuer is essentially saying the market for its asset on Aave is broken.

USDC Treasury Mints 200M USDC on Ethereum, Worth ~$199.9M

Summary: USDC Treasury minted 200M USDC on Ethereum at 22:00 UTC; worth about $199.9M, per Whale Alert. Abstract: A Gate News update reports that the USDC Treasury minted 200 million USDC on the Ethereum network at 22:00 UTC, with Whale Alert corroborating the mint. The new supply is valued at roughly $199.9 million, illustrating a substantial increase in USDC issuance.

RedotPay Integrates Sui and USDC-Sui, Expanding Payments to 100+ Countries

RedotPay now supports SUI and USDC-Sui on the Sui network, enabling faster global payments for 130M merchants and 7M customers, with scalable cross-border transactions bridging crypto and commerce. Abstract: RedotPay has added support for SUI and USDC-Sui on the Sui network, enabling seamless payment processing and global payouts across its ecosystem. Serving more than 130 million merchants in over 100 countries and about 7 million customers, the platform aims to offer faster, more scalable cross-border payments and broader blockchain-enabled financial access. By integrating SUI and USDC-Sui, RedotPay seeks to simplify sending and receiving payments worldwide while ensuring secure, efficient transactions that bridge digital assets with real-world commerce.

Whale Deposits $2M USDC to Hyperliquid, Buys 50,080 HYPE at $39.94 Average

Gate News message, April 22 — According to Onchain Lens, a whale deposited 2 million USDC to Hyperliquid and purchased 50,080 HYPE at an average price of $39.94 per token.

Volo Protocol vault attacked, losses totaling 3.5 million, remaining TVL confirmed to be safe

The Volo within the Sui ecosystem posted a statement on the X platform, confirming that a security vulnerability occurred, resulting in about $3.5 million in assets being stolen from three specific vaults, involving WBTC, XAUm, and USDC. Volo said it notified the Sui Foundation and ecosystem partners immediately after detecting the attack, freezing all vaults to prevent further losses; Volo pledged to cover all losses and would not allow users to bear any responsibility.