Circle freezes Zama’s USDC contract, locking $12.6M amid rug pull allegations

The post Circle Freezes $12.6 Million in Confidential USDC, Exposing Surveillance Risks appeared on BitcoinEthereumNews.com. Circle blacklisted Zama’s confidential USDC contract on Ethereum on May 30. The blacklist freezes roughly $12.6 million held in a cUSDC token contract. The freeze prevents holders of confidential USDC (cUSDC) from redeeming the tokens for standard USDC. The action raises fresh questions about issuer control over privacy-focused Decentralized Finance (DeFi) protocols. Circle Blacklist Halts cUSDC Redemptions Circle, the issuer of USDC, maintains a built-in blacklist on the USDC smart contract. Authorized Circle accounts add addresses, and blacklisted addresses cannot send or receive the stablecoin. The frozen contract is an ERC-1967 proxy that holds USDC on behalf of cUSDC token holders. Zama’s privacy protocol uses fully homomorphic encryption (FHE) to conceal balances and transfer amounts on public chains. Circle blacklisted the Zama (privacy protocol) Confident

The post Cash App USDC Rollout: Stablecoins Hit Payments appeared on BitcoinEthereumNews.com. Stablecoins are graduating from crypto exchanges into the apps people already use to move money. With Cash App rolling out support for USD Coin (USDC), the line between traditional fintech and on-chain dollars is thinning fast. This guide explains what Cash App’s USDC move could mean for users, merchants, and the wider payments stack. You’ll learn how it works, which networks matter, how fees compare with cards and bank rails, and where the biggest risks hide. Whether you plan to send money to friends, pay a creator, or move funds between apps and exchanges, understanding stablecoins inside everyday wallets will help you avoid costly mistakes. Quick Answer Cash App’s USDC rollout signals that mainstream wallets are embracing tokenized dollars for faster, cheaper, and more interoperable transfers. In practice, users get a stable, dollar-pegged balance that can often move near-instantly across s

Arc's development could revolutionize financial systems by enabling AI-driven microtransactions, potentially reshaping global economic interactions. The post Circle launches Arc blockchain to power the agentic economy with programmable real-time rails appeared first on Crypto Briefing.

Circle's Arc blockchain aims to future-proof USDC against quantum threats, potentially setting a new standard for secure digital finance. The post Circle explores Arc’s post-quantum security roadmap for USDC appeared first on Crypto Briefing.

NEAR’s private USDC payments and FET’s Agent Launchpad fueled rallies as profit‑taking climbed, per Glassnode. Practical ways to judge if the AI token bid can last.

The post Injective Price Prediction: INJ Breaks Out Toward $6.50 appeared on BitcoinEthereumNews.com. Injective confirmed native USDC is live, giving the network direct access to Circle’s $77B stablecoin ecosystem. INJ cleared all four EMAs in a single session with MACD holding its bullish cross for the third consecutive week. Futures OI jumped 32.47% to $151.67M while shorts absorbed $441.74K in 24-hour liquidations against $302.74K for longs. Injective trades at $6.206 on May 29, breaking above every daily EMA in a single session after confirming native USDC is now live on the network, opening access to Circle’s regulated stablecoin liquidity for tokenized stocks and pre-IPO assets. INJ Daily Chart: Cup and Handle Breakout With All Four EMAs Now Below Price The daily chart has been building a textbook cup and handle formation since the December lows. The cup bottomed near $1.50 in early February and curved back up through March and April, with the handle consolidating between $3.50 a

Circle joins FXC Intelligence’s Top 100 list for 2026 as USDC payment use expands through cross-border settlement solutions. Circle has been named to FXC Intelligence’s “Top 100 Cross-Border Payment Companies for 2026,” as stablecoin use grows in global payments. The recognition comes as businesses and financial institutions test faster settlement tools, wider payment access, and […] The post Circle Lands on FXC’s Top 100 List as Stablecoin Adoption Surges appeared first on Live Bitcoin News.

The post UniCredit warns of EU crypto bank crisis appeared on BitcoinEthereumNews.com. UniCredit director Elena Carletti has warned Europe may struggle to contain a crypto bank crisis under MiCA rules. Summary UniCredit’s Elena Carletti warned Europe lacks tools to backstop crypto-linked deposits the way US regulators did after SVB. MiCA pushes stablecoin issuers closer to banks but EU deposit insurance is capped at €100,000. Carletti cited Circle’s $3.3 billion stuck at SVB in 2023 as the model risk Europe has not solved. UniCredit deputy vice chair Elena Carletti has warned that Europe may struggle to contain a crypto-linked banking shock under MiCA. The Italian bank executive said EU tools are weaker than the US emergency response of 2023. The comments land as MiCA pulls stablecoin issuers closer to traditional lenders. Carletti, who chairs UniCredit’s board risk committee, said at an IESE Business School conference in Madrid that the same systemic-risk exception used to guarantee a