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Tag: Stablecoins

A stablecoin is a fiat-backed cryptocurrency that has a value pegged to another stable asset, such as the US dollar.

Meta Rolls Out USDC Stablecoin Payouts to Creators on Solana and Polygon

Meta Rolls Out USDC Stablecoin Payouts to Creators on Solana and Polygon

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Adoption milestone: Meta starts rolling out USDC payouts to a limited group of creators in Colombia and the Philippines, allowing direct wallet deposits on Solana or Polygon. Technical setup: Creators link compatible crypto wallets through Meta’s platform; Stripe handles stablecoin transfers and generates tax documentation for earnings and transactions. Partnership details: Stripe’s Link feature powers the payouts, with initial...

Crypto adoption, Cryptocurrencies, Front page, News, Stablecoins

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Morgan Stanley Launches Stablecoin Reserves Portfolio in Bid to Capture Issuer Demand

Morgan Stanley Launches Stablecoin Reserves Portfolio in Bid to Capture Issuer Demand

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Product launch: Morgan Stanley Investment Management introduced the Stablecoin Reserves Portfolio (ticker MSNXX), a new government money market fund within the Morgan Stanley Institutional Liquidity Funds trust. Target audience: Designed primarily for payment stablecoin issuers seeking a regulated vehicle to invest the reserves that back their outstanding tokens. Regulatory alignment: Structured to meet reserve investment...

Crypto adoption, Cryptocurrencies, Front page, News, Stablecoins

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Circle Faces Class-Action Lawsuit Over Alleged Failure to Freeze 0M Stolen USDC in Drift Protocol Exploit

Circle Faces Class-Action Lawsuit Over Alleged Failure to Freeze $230M Stolen USDC in Drift Protocol Exploit

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Lawsuit filed: Class action initiated on April 14, 2026, by Drift investor Joshua McCollum on behalf of over 100 affected users in U.S. District Court for Massachusetts. Exploit details: On April 1, 2026, attackers drained an estimated $280–285 million from the Solana-based DEX Drift Protocol through trading, lending, and vault deposits. USDC movement: Approximately $230 million in stolen USDC was transferred from Solana to...

Cryptocurrencies, Front page, Hacks, News, Stablecoins

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Resolv Pauses USR Stablecoin After Attacker Mints 80 Million Unbacked Tokens

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Attacker exploited a flaw in the USR minting contract’s SERVICE_ROLE, minting ~80 million unbacked tokens from roughly $200,000 USDC. Proceeds converted to ETH; primary attacker wallet holds 11,409 ETH worth ~$23.7 million plus additional wstUSR exposure. USR depegged to $0.025 on Curve Finance within 17 minutes; later recovered partially to ~$0.85 but remains off-peg. Resolv Labs immediately paused all protocol functions;...

Cryptocurrencies, Front page, News, Stablecoins

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Circle (Nasdaq:CRCL) Stock Surge Signals Stablecoin Momentum

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Circle, the issuer of USD Coin (USDC), has become the week’s headline story after its stock climbed 15% to $96, sparking renewed debate about the role of regulated stablecoin providers in the broader crypto economy. The rally reflects investor confidence in Circle’s expanding footprint across payments infrastructure, particularly as U.S. regulators move closer to establishing clear frameworks for stablecoin oversight. Analysts highlight...

News, Stablecoins

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