Circle’s Arc launch ties Wall Street firms to the network without making them its safety net
Circle is tying major financial institutions to its Arc blockchain as operators, investors, and future users ahead of its Sept. 16 mainnet launch. BlackRock, DTCC, Visa, Mastercard, and ICE are among 11 outside institutions Circle named as founding…
Aave V4 proposal would put DAO funds first in line to absorb lending losses
Aave V4 lenders who supply wrapped Ether (WETH), USDC, or USDT to its Core Liquidity Hub on Ethereum will receive a bad-debt backstop under a policy announced in a September 11 proposal from TokenLogic. The Umbrella plan would put Aave’s DAO first in…
Audited DeFi protocols lost $885M to attacks that occurred completely outside their audit scopes
In decentralized finance, “audited” is often presented as a verdict on an entire project. In practice, an audit usually covers named code, components and versions at a particular point in time. Anything added, excluded or operated around that boundary…
Coinbase gives community banks a stablecoin bridge while supplying infrastructure underneath
Coinbase’s new partnership with payments platform Moov gives community banks and credit unions a route to offer stablecoin services through the financial relationship they already have with businesses. The local institution can remain the customer’s…
DeFi lender proposes bad-debt fix, but user USDC funds remain locked
Lending protocol Moonwell’s proposed rate changes could cut monthly interest accruing on bad debt by about 85%, according to Anthias Labs’ projection. Its Sept. 4 recovery update leaves access to USDC and a return to borrowing as separate…
Three DeFi projects face possible exclusion from future Arbitrum DAO programs
Arbitrum’s Watchdog Committee, a grant oversight body, has given three DeFi projects until a tentative Sept. 10 deadline to answer high-severity misuse findings and return funds it considers unresolved, or face separate votes on permanent exclusion…
Fed stablecoin research exposes how the same dollar could count twice in M1 or M2
A Federal Reserve staff note published Sept. 4 sketches a route for regulated payment stablecoins to enter M1 or the broader M2 money supply. Its accounting framework requires adjustments before gross circulation could enter either measure. Payment…
How stablecoins are quietly becoming the Fed’s debt buyer of last resort
Circle president Heath Tarbert told Congress on Sept. 2 that placing digital-dollar infrastructure under US rules could reinforce the network effects that support the currency’s global role. The testimony framed stablecoin and digital asset legislation…
Nearly $10 million must escape a dying Ethereum L2 network before New Year’s Eve or risk becoming unrecoverable
Silicon Network is shutting down with nearly $10 million still on-chain, giving users until year-end to exit. The Ethereum layer 2 stopped accepting new bridge deposits and ended its network on Sept. 2, starting a withdrawal period that runs through Dec.…
USDC may be only as quantum-safe as its slowest wallet, bridge or blockchain
Circle issued a warning that the quantum circuits needed to attack widely used blockchain signatures are becoming leaner, citing a low-width record of 813 logical qubits. For the USDC quantum migration, the immediate consequence is a dependency problem…