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Circle CEO Allaire defended his company's legal constraints in responding to the ₱16.84 billion ($280 million) Drift exploit, saying Circle only freezes funds when law obligates it to do so.
Stablecoin market momentum is showing renewed strength, with Binance absorbing ₱150.57 billion ($2.5 billion) in inflows during March after a three-month decline. The turnaround arrives as European authorities evaluate Ethereum as the settlement layer for euro-denominated stablecoins.
Ripple introduced Digital Asset Accounts and Unified Treasury within its GTreasury platform on April 1, letting corporate clients hold and manage XRP, the RLUSD stablecoin, and other tokens alongside traditional cash.
Bitcoin's recent divergence from the S&P 500 looks bullish on the surface, but one analyst warns a negative correlation may just reflect isolated bounces alternating with weakness in the equity index rather than genuine strength.
Washington is moving to establish stablecoins as the internet-native payment layer for the dollar economy, with Treasury Secretary Scott Bessent predicting a ₱224.89 trillion ($3.7 trillion) market cap by 2030 if the GENIUS Act passes. The framework treats dollar-backed stablecoins as transaction rails while positioning Bitcoin as a reserve asset.