# Сопутствующие статьи по теме Circle

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Circle", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Step-by-Step Guide to Participating in Circle's Own Public Chain Arc Community Event

Circle has launched a community program for its stablecoin-focused Layer 1 blockchain, Arc, aimed at rewarding early contributors. Participants can earn points by completing various tasks, including daily logins, profile completion, reading articles, watching videos, and registering for events. Points accumulate toward five membership tiers, with higher tiers potentially offering advantages in future token launches. The program requires no financial investment and encourages user engagement through its official website and Discord community. Arc is designed as an EVM-compatible blockchain optimized for financial applications, targeting global payments, forex, lending, and capital markets.

Odaily星球日报04/06 02:30

Step-by-Step Guide to Participating in Circle's Own Public Chain Arc Community Event

Odaily星球日报04/06 02:30

‘The Circle USDC Files’: ZachXBT Finds $420M In Suspect Transactions, Weak Oversight

On-chain investigator ZachXBT's report, "The Circle USDC Files," alleges over $420 million in compliance failures by Circle related to its stablecoin USDC since 2022. The report claims Circle repeatedly failed to use its on-chain freezing and blacklist functions to halt stolen funds in high-profile DeFi exploits, despite having the contractual right and technical capability to do so. Notable cases include the April 2026 Drift Protocol hack ($280M) and the January 2026 SwapNet attack ($16M), where Circle allegedly delayed or refused freeze requests from law enforcement and analysts. Compared to other stablecoin issuers, Circle was significantly slower to act, taking months longer to freeze addresses in some instances. ZachXBT argues this pattern of inaction has caused nine-figure losses to the crypto ecosystem.

bitcoinist04/04 11:02

‘The Circle USDC Files’: ZachXBT Finds $420M In Suspect Transactions, Weak Oversight

bitcoinist04/04 11:02

Circle's Pullback: Still Worth Buying?

Circle: Still Worth Buying After the Pullback? Circle, the issuer of the second-largest stablecoin USDC, is at a critical juncture. Its current valuation of $15-20B primarily reflects its interest income from $770B in USDC reserves. However, data suggests a potential transformation into a fee-based digital dollar infrastructure network. Key evidence for this shift includes: * USDC's on-chain transaction volume grew 247% in FY2025, far outpacing its 72% circulation growth, indicating it's being *used* more, not just held. * Adjusted for on-chain noise, USDC dominates real economic settlement volume (64% per Visa data), despite USDT having 2.4x its market cap. Circle's three-layer revenue structure is evolving: 1. **Interest Income (95% of current revenue):** Tied to USDC circulation and interest rates. Faces headwinds from potential Fed cuts and a revenue-sharing agreement with Coinbase. 2. **Payment & Transaction Fees:** The key to becoming an infrastructure play. The Circle Payments Network (CPN) is scaling rapidly ($5.7B annualized TPV), and non-interest revenue surged to $37M/quarter. 3. **Settlement Platform (Arc):** A long-term bet on becoming an institutional settlement standard, though its value remains unproven. Near-term catalysts include the Coinbase revenue-sharing agreement renewal (Aug 2026) and potential full OCC bank charter approval. A 3-5x return is plausible if USDC circulation grows at 40% CAGR. A 10x return requires multiple successes: CPN scaling, improved Coinbase terms, non-interest revenue exceeding 10% of total, and progress on Arc. Major risks include faster-than-expected interest rate declines, Tether achieving greater legitimacy, and competition from new yield-bearing stablecoins and payment giants like Stripe. The investment thesis hinges on tracking three metrics: USDC circulation growth, its velocity (via Visa data), and the growth of non-interest revenue. The data is leaning toward a successful transformation, but it is not yet guaranteed.

marsbit04/04 01:00

marsbit04/04 01:00

Can Circle compete against Coinbase as wrapped Bitcoin space heats up?

Circle is launching cirBTC, a new wrapped Bitcoin product backed 1:1 by BTC and targeting institutional users. The token aims to leverage Bitcoin's $1.7 trillion liquidity and integrate with Circle’s ecosystem, including its Arc chain and DeFi platforms. This move comes amid trust issues in the wrapped Bitcoin sector, highlighted by recent controversies involving BitGo’s WBTC and Coinbase’s cbBTC. While cbBTC grew rapidly to a $6B market supply, it faced scrutiny over unverifiable reserves. Circle positions cirBTC as a "neutral" and transparent alternative, emphasizing on-chain verifiability and trust. The product will compete directly with Coinbase, despite their existing partnership in USDC distribution.

ambcrypto04/03 18:01

Can Circle compete against Coinbase as wrapped Bitcoin space heats up?

ambcrypto04/03 18:01

‘Circle had 6 hours to freeze funds’ – ZachXBT slams CEO after DRIFT hack

In the past 24 hours, Drift Protocol on Solana suffered a $285 million hack, including the theft of Circle’s USDC. Blockchain investigator ZachXBT accused Circle of failing to freeze $230 million in stolen USDC that was bridged from Solana to Ethereum via CCTP, despite having a 6-hour window to act. He criticized Circle and its CEO Jeremy Allaire for incompetence, alleging they use compliance buzzwords without real implementation. The hack impacted 11 protocols, with Ranger Finance losing $900K. Although Solana’s Chief Product Officer called it an isolated incident, the event raised broader DeFi security concerns. Circle’s stock extended its decline, with indicators showing oversold conditions and continued selling pressure.

ambcrypto04/02 12:53

‘Circle had 6 hours to freeze funds’ – ZachXBT slams CEO after DRIFT hack

ambcrypto04/02 12:53

‘Uninformed FUD’ – White House on claims of Coinbase stalling the CLARITY Act again

The White House has dismissed speculation that Coinbase is opposing the latest stablecoin yield deal and blocking the CLARITY Act, calling the claims "uninformed FUD." Patrick Witt, a digital asset advisor to the President, expressed confidence that the recent agreement between the Senate and the White House would revive momentum for the bill. Rumors of Coinbase CEO Brian Armstrong's opposition originated from a Punchbowl News report, though it was noted his stance was less severe than his previous public objections. The new deal limits stablecoin yields to account activity rather than passive interest earned via intermediaries, a change seen as favorable to banks. As of writing, neither the banking industry nor Armstrong had publicly commented on the compromise. Senator Cynthia Lummis emphasized the urgency of passing the bill under the current pro-crypto administration. Meanwhile, the proposed yield restrictions caused Circle's stock (CRCL) to drop 20% before partially recovering.

ambcrypto03/26 12:02

‘Uninformed FUD’ – White House on claims of Coinbase stalling the CLARITY Act again

ambcrypto03/26 12:02

Even with the CLARITY Act Pressure, Is the Market Overreacting to Circle's Stock Price?

Despite recent market concerns triggered by the CLARITY Act’s potential restrictions on interest payments to stablecoin users, Bitwise’s Matt Hougan argues that the sell-off in Circle’s stock may be an overreaction. Using conservative assumptions, he estimates that Circle—the issuer of USDC, the world’s second-largest stablecoin—could reach a $75 billion valuation by 2030. Key factors in this outlook include: - The stablecoin market is projected to grow to $1.9 trillion by 2030 (Citi base case), driven by utility in global payments and as a dollar alternative, not yield. - Circle currently holds 25% market share; Hougan expects it to maintain or even expand this position, especially in regulated markets. - Circle’s net yield (after distribution costs) is assumed to drop to 0.8% amid competition, though the CLARITY Act may actually support margins. Under these assumptions, Circle could generate ~$2.7B in net profit by 2030. Applying a market-average P/E multiple of 28x yields the $75B valuation—roughly double its current value. More bullish scenarios (larger market, higher share, or better margins) could lead to significantly higher valuations.

marsbit03/26 09:40

Even with the CLARITY Act Pressure, Is the Market Overreacting to Circle's Stock Price?

marsbit03/26 09:40

CLARITY Act Rewrites DeFi's Fate: Circle Feasts, DeFi Tokens Bleed

The CLARITY Act proposes significant regulatory changes for stablecoins and DeFi, fundamentally redefining them as payment tools rather than interest-bearing assets. This shift prohibits platforms from offering yield to stablecoin holders, effectively ending the narrative of stablecoins as savings products. Circle (CRCL) emerges as a structural beneficiary, likely to see increased USDC adoption and improved profit margins as yield distribution to users is restricted. However, its growth may depend heavily on continued USDC expansion. In contrast, DeFi tokens like UNI, AAVE, COMP, and others face significant headwinds due to potential compliance requirements, reduced flexibility, and limitations on stablecoin usage in DeFi protocols. Maker (MKR) is positioned as an exception, benefiting from its yield-generating model through real-world assets and a semi-compliant structure. Meanwhile, Tether's potential move toward greater transparency could intensify competition for Circle but validate the stablecoin model overall. The act accelerates a trend of value redistribution from crypto-native channels (e.g., Coinbase, DeFi protocols) to regulated financial infrastructure, with winners including Circle, MKR, and custody providers like BitGo, while many DeFi assets face structural downside risks.

Odaily星球日报03/26 05:41

CLARITY Act Rewrites DeFi's Fate: Circle Feasts, DeFi Tokens Bleed

Odaily星球日报03/26 05:41

Tether Signs Big Four Auditor, Circle's Compliance Moat Collapses, Stock Plummets 20%

Tether, the world's largest stablecoin issuer, has announced it has engaged one of the Big Four accounting firms to conduct its first-ever comprehensive independent financial audit. This move is seen as a major step toward transparency for the company, which has long faced scrutiny over its reserve backing. The announcement had an immediate market impact, with shares of its competitor Circle, issuer of USDC, plummeting up to 20%. The audit is positioned as a turning point for Tether, which paid nearly $60 million in fines in 2021 following investigations by the New York Attorney General and the CFTC over misrepresentations about its reserves. While Tether has since published quarterly attestations, this full audit is considered a significant upgrade in legitimacy. This development directly challenges Circle's key advantage of perceived regulatory compliance and transparency. With a market cap of over $184 billion, Tether's newfound transparency could solidify its dominant position and attract more institutional capital. The article also details Tether's broader compliance strategy, including the launch of a fully U.S.-regulated stablecoin, USAT, designed to comply with the GENIUS Act. Furthermore, Tether has enhanced its cooperation with law enforcement, assisting in numerous investigations and freezing billions in assets linked to illicit activity. In conclusion, Tether's audit marks a pivotal moment for the entire stablecoin industry, signaling a shift towards greater institutionalization and transparency that aligns with traditional financial standards.

Odaily星球日报03/25 13:39

Tether Signs Big Four Auditor, Circle's Compliance Moat Collapses, Stock Plummets 20%

Odaily星球日报03/25 13:39

Stablecoins Seen Powering Future AI-Driven Machine Payments

Bernstein analysts highlight the growing potential for stablecoins, particularly USDC through the collaboration of Circle and Coinbase, to power future AI-driven machine payments. These transactions are fully automated, programmatic, and executed by software or autonomous devices without human intervention. Stablecoins are deemed ideal for this use case due to their programmability, speed, micro-payment capability, and global accessibility. They enable real-time decision-making, instant settlements, and eliminate the need for traditional banking infrastructure like SWIFT or FX conversion. Companies such as Coinbase, Circle, and Stripe are already developing infrastructure to support these agentic payments, with early protocols showing initial transaction volumes. This represents a significant future growth driver for stablecoins.

TheNewsCrypto03/23 12:45

Stablecoins Seen Powering Future AI-Driven Machine Payments