Daily Market Briefs

An attacker minted 80 million unauthorized USR tokens and cashed out $25 million in ETH before anyone could react. The stablecoin that was supposed to hold $1.00 is now trading around $0.26.

Stablecoin balances on Korean exchanges dropped by more than half in the past month. The money didn't vanish — it moved to the stock market.

USDC daily transaction volume hit a 52-week high — $39.05 million processed in 24 hours. Year-over-year growth: 359%.

Year-to-date stablecoin flows tell a clear story: USDC is pulling ahead. $4.5 billion in net new inflows since January, more than any other stablecoin in the same period.

US sanctions cut Venezuela off from the dollar system. Venezuelans responded by adopting USDT and USDC as their de facto currency.

The Hyperliquid ecosystem just crossed a milestone: $1 billion in stablecoin market cap on HyperEVM, with Circle's USDC leading the charge.

Bernstein analysts named Circle and Coinbase as the two best public-market proxies for stablecoin growth, specifically citing the coming wave of AI-powered payments.

A pharmaceutical firm quietly accumulated nearly 9% of SKY's total supply — the governance token behind the protocol formerly known as MakerDAO.