Circle’s ability to freeze USD Coin (USDC) on-chain—a control long marketed as a safety feature—is drawing renewed scrutiny after an on-chain investigation alleged that the company moved slowly to block hundreds of millions in stolen funds while rapidly freezing a… Read More »Circle’s USDC Freeze Powers Under Fire After Alleged Inconsistent Wallet Blocks
Circle’s latest quarterly numbers show a booming USDC business — but also make clear that most of the yield generated by the stablecoin doesn’t stay with the issuer. Instead, it’s being negotiated away to the exchanges, wallets, and payment platforms… Read More »Circle’s USDC Windfall: Who Really Captures the Stablecoin Yield?
Bermuda is positioning itself as the world’s first “fully on-chain national economy,” with USDC at the center of its payment rails. On its face, the move reads as an aggressive bet on public blockchains and open stablecoins. Look closer at… Read More »Bermuda’s ‘Fully On‑Chain’ USDC Economy Has a Hidden Centralization Problem