News linked to both this project and an event.
BIT's official Chinese-language market analysis stated that Circle's stock price rose 16% overnight, currently approaching its March 2026 high. The market is pricing in expectations that uncertainty surrounding crypto regulation may ease.BIT indicated that this week could become a critical juncture for the advancement of the CLARITY Act, with the market generally viewing Circle as a direct beneficiary of regulatory clarity. It also noted that USDC market capitalization has maintained steady growth lately, and Circle's recent rally reflects market expectations for potential favorable policies and regulatory developments, rather than short-term fundamental improvements.BIT believes that if digital asset regulatory rules are further clarified, it could not only provide support for Bitcoin but also encourage more institutions to participate in the market.
Circle has launched the Circle Agent Stack toolkit, which allows AI agents to autonomously hold funds and make payments. Its protocol supports gas-free transfers of as little as 0.000001 USDC per transaction. As of the end of the first quarter, USDC's circulating supply reached $77 billion, and Circle's stock price rose to $131.76.
Frax Finance announced on X platform that DeFi project Tangent will open pre-deposits in one week, with frxUSD serving as one of the default stablecoins, alongside USDC to support the protocol's initial liquidity deployment.Frax stated that Tangent will be built on the frxUSD PegKeeper pool on Curve Finance, further enhancing frxUSD's application scenarios and capital depth within the on-chain liquidity system as a core DeFi stablecoin.
Huma Finance posted on X platform, stating that its old v1 contract deployed on Polygon was exploited today, resulting in the transfer of approximately 101,400 USDC. This incident did not compromise user funds, and the related PST system was also unaffected. Only the gradually phased-out v1 legacy pools were impacted. The Huma v2 system is a complete rewrite deployed on Solana and is not vulnerable to this exploit. The team was already in the process of retiring v1 liquidity pools, and following this incident, they have fully suspended the operation of v1 contracts and accelerated the completion of migration efforts.
According to Circle’s official announcement, Circle Internet Group (NYSE: CRCL) unveiled the Circle Agent Stack on May 11—a suite of services and tools purpose-built for the agent economy, designed to empower AI agents as autonomous economic participants. Initial offerings include: Circle CLI (Command-Line Interface), Nanopayments—microtransactions in gas-free USDC down to $0.000001, powered by Circle Gateway; Agent Wallets—policy-controlled agent wallets; and Agent Marketplace—a directory of agent services. These products are now officially live at agents.circle.com.
According to Circle’s official announcement, Circle (NYSE: CRCL) released its Q1 2026 financial results, reporting total revenue and reserve income of $694 million, up 20% year-on-year; adjusted EBITDA of $151 million, up 24% year-on-year; and net income of $55 million, down 15% year-on-year—primarily impacted by higher share-based compensation expenses following its IPO. USDC’s quarter-end circulating supply reached $77 billion, up 28% year-on-year, while on-chain transaction volume totaled $21.5 trillion, surging 263% year-on-year and accounting for 63% of the stablecoin market’s total transaction volume.
Circle has released its financial results for the first quarter of fiscal year 2026. The data shows that as of the end of the first quarter, the circulating supply of USDC reached $77 billion, a year-over-year increase of 28%; on-chain transaction volume for USDC in the first quarter reached $21.5 trillion, up 263% year-over-year.The financial report indicates that Circle's total revenue and reserve income for the first quarter was $694 million, a 20% increase year-over-year; adjusted EBITDA was $151 million, up 24% year-over-year; net profit was $55 million, a 15% decrease year-over-year.Additionally, Circle disclosed that its ARC Token pre-sale raised $222 million, with a fully diluted valuation of $3 billion. Participants included institutions such as a16z crypto, BlackRock, and ARK Invest. The company also announced the launch of the "Agent Stack" infrastructure for AI agent scenarios, including products like Agent Wallets and Agent Marketplace, designed to support AI agent payments and commercial activities based on USDC.
Odaily News Circle announced that USDC stablecoin issuer Circle will release its first-quarter earnings report before the U.S. stock market opens on May 11, and will hold an earnings conference call at 8:00 PM Beijing time on May 11 to discuss financial results and business progress.Market expectations for Q1 revenue are approximately $715 million, down about 7% from $770 million in Q4 2025, and up approximately 11% year-over-year; GAAP earnings per share are expected to be $0.18, with adjusted earnings per share expected at $0.27. The average analyst price target is $144.36. Oppenheimer maintains a Buy rating with a target price of $152, while Needham also maintains a Buy rating but has lowered its target price from $190 to $130. Circle's market cap currently stands at $28.1 billion, with the stock price at $113.67.
Josh Swihart, Founder and CEO of the Zcash Open Development Lab, announced at Consensus 2026 in Miami that Zcash plans to launch a quantum-resilient wallet within one month and achieve full post-quantum readiness within the next 12 to 18 months, while also advancing scalability efforts to reach Visa- and Mastercard-level throughput. Driven by Multicoin Capital’s disclosure of a large investment and growing momentum around privacy narratives, ZEC has surged over 110% in the past 30 days. Additionally, following integration with Near Intents, users can now cross-chain swap BTC, SOL, USDC, and other assets for shielded ZEC; since launch, these channels have processed approximately $600 million to $700 million in volume, and the shielded pool currently accounts for roughly 30% of the circulating ZEC supply.
According to The Block, Amazon Web Services (AWS) has partnered with Coinbase and Stripe to launch Amazon Bedrock AgentCore Payments, enabling AI agents to conduct transactions using stablecoins. Coinbase stated that developers can build “agent-based payment” solutions using the x402 protocol, allowing AI agents to make micro-payments in USDC. This feature enables AI agents to instantly pay for web content, APIs, MCP servers, and other agents. AWS noted that developers can choose between Coinbase and Stripe wallets and fund those wallets using either stablecoins or fiat currency.
: According to official sources, OKX Onchain OS has launched the Agentic Wallet Trading Competition, which officially started on May 7 at 18:00 (GMT+8) and will run for 14 days. The event is simultaneously held on both Solana and X Layer chains. Users can complete registration, trading, and prize collection by conversing with the AI Agent within the Agentic Wallet. The competition features multiple awards, including a Yield Rate Leaderboard, Profit Amount Leaderboard, Participation Prize, and Skill Quality Award, with a total prize pool of 50,000 USDC.It is reported that OKX Onchain OS is an on-chain infrastructure suite open to developers and AI Agents. Integrated with the Agentic Wallet, it covers a wide range of on-chain operation scenarios.
According to The Block, Y Combinator will hold its first interview event in New York focused on startups in the cryptocurrency and fintech sectors, aiming to support more companies in these fields. Selected teams will join YC’s Summer 2026 batch and travel to San Francisco to participate in the program, receiving YC’s standard $500,000 investment offer—funds that can optionally be disbursed in Circle’s USDC stablecoin.
Odaily Startup Incubator Y Combinator will hold its first-ever interview session specifically for fintech and crypto startups in New York City, aiming to support more companies in this sector. The interviews will be held offline on May 21st. Selected startups will join the Summer 2026 batch and receive a standard investment of $500,000. Chosen projects can opt to receive funding in the form of USDC stablecoins. To date, Y Combinator has invested in over 150 crypto and fintech companies, including Coinbase, OpenSea, and Kalshi.
According to an official announcement, Coinbase has launched gold perpetual futures (GOLD-PERP) and silver perpetual futures (SILVER-PERP), available to eligible non-U.S. institutional and retail traders. These products are tradable in supported regions via the Coinbase International Exchange, coinbase.com, and the Coinbase App. Both products are linear perpetual contracts referenced to the spot price of one troy ounce of gold or silver, settled in USDC, and support 24/7/365 trading with up to 25x leverage. Coinbase also stated that it is working with the U.S. Commodity Futures Trading Commission (CFTC) to transition its gold and silver futures offerings in the United States to 24/7 trading.
According to Odaily, Drift Protocol has released a user recovery plan for the approximately $295 million security vulnerability incident on April 1, which was attributed to a North Korean-backed hacker group. Under the plan, Drift will issue receipt tokens representing users' verified losses, with each token corresponding to $1 in losses, allowing holders to gradually redeem based on the recovery pool's funding size.Currently, the recovery pool has initial funding of approximately $3.8 million. Subsequent funding sources include up to $127.5 million from exchange revenue, Tether-backed funds, and up to $20 million from partner contributions, aiming to cover total losses of approximately $295.4 million. Drift has frozen approximately $3.36 million in USDC and has established a public bounty program offering 10% of recovered assets. It is expected to relaunch the exchange in a "security-first" model during the second quarter. (CoinDesk)
SoFi Technologies has announced the expansion of its stablecoin, SoFiUSD, to the Solana network, attracted by its low costs, high throughput, and rapid settlement capabilities.Launched in 2025 as a fully reserved US dollar-pegged stablecoin, SoFiUSD was initially deployed on Ethereum, designed to provide banks, fintech companies, and enterprises with near real-time settlement infrastructure available 24/7.As the regulatory framework gradually becomes clearer, banks and financial institutions are accelerating their entry into the stablecoin赛道, competing with major issuers such as Tether and Circle.
Somnia, an L1 blockchain, has announced the launch of its ecosystem stablecoin USDso, issued and operated by the decentralized stablecoin protocol Frax Finance based on the frxUSD architecture. USDso employs an over-collateralized model and is backed by reserves including U.S. Treasury securities, enabling minting at a 1:1 ratio against assets such as USDC. Its yield distribution mechanism channels reserve yields back into the ecosystem—90% allocated to DeFi protocols and 10% reserved for an insurance fund. This stablecoin is designed to serve high-frequency trading, DeFi, and on-chain protocol use cases.
According to Crowdfund Insider, Circle’s French subsidiary, Circle Internet Financial Europe SAS (referred to as “Circle France”), received formal authorization from the French Financial Markets Authority (AMF) on April 20 to provide custody and transfer services for its stablecoins USDC and EURC across the entire European Economic Area (EEA). Under Article 60(4) of the EU’s Markets in Crypto-Assets Regulation (MiCA), this authorization enables Circle France to operate via the “passporting mechanism,” allowing customers in all EEA member states to access these services without requiring additional local licenses. Circle is the largest compliant issuer of electronic money tokens (EMTs) under MiCA regulation in the EU. The authorized custody services cover secure storage and management of clients’ crypto assets, while the transfer functionality supports seamless asset movement. Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy and Operations, stated that this milestone reflects Circle’s commitment to operating within Europe’s regulatory framework and supporting the development of trusted digital financial infrastructure in France and across the EU. This authorization builds upon Circle’s prior authorization as an electronic money institution in France.
According to the official announcement, Binance will delist and cease trading for the following spot trading pairs on May 8, 2026, at 03:00 UTC: AVA/BTC, BCH/BNB, CFX/BTC, ENA/BTC, HBAR/FDUSD, LA/BNB, MAGIC/BTC, OP/BTC, PUNDIX/USDC, STEEM/ETH, WIN/TRX, and XPL/FDUSD. At that time, Binance will also terminate its Spot Trading Bot service for these trading pairs. Users must update or cancel their bots before the service discontinuation to avoid potential losses. Delisting these trading pairs does not affect the availability of the corresponding tokens in other trading pairs on Binance.
According to Financialit, stablecoin financial services platform UnblockPay has announced the completion of a $4.5 million seed funding round, led by Prelude, with participation from Plug and Play, Wintermute, Reverie, Signature Ventures, Triaxis Capital, Crescera Capital, and a group of angel investors. The new capital will support the development of regulated financial products, enabling businesses to integrate stablecoins into their day-to-day financial operations and facilitating seamless conversions between fiat currencies and major stablecoins such as USDC and USDT for enterprise users.