1d atrás
Why Is Circle (CRCL) Stock Down Today? CLARITY Act Draft and Wallet Freeze Spark 20% Plunge
Circle Internet Group (CRCL) shares cratered on March 24, 2026, dropping 20.11% to close at $101.17. The sharp sell-off effectively wiped out a significant portion of the gains from its massive March rally. The decline was triggered by a perfect storm of leaked legislative drafts targeting stablecoin yield and a controversial on-chain freezing incident that reignited fears over centralization.
USDC
USDC+0.02%
1d atrás
1d atrás
Deloitte Canada and NovaBay back stablecoins as Stablecorp’s QCAD gains traction
NovaBay Pharmaceuticals said it will exit biotech and rebrand as Stablecoin Development Corporation (SDEV) effective April 3, 2026, after which its stock rose 18%. The company said it has raised $134 million from investors including Tether and Framework Ventures and holds over 2.06 billion SKY tokens to pursue returns via blockchain protocols, while Deloitte Canada separately partnered with Stablecorp to build financial systems using QCAD.
SKY
SKY-4.92%
1d atrás
1d atrás
Kaiko: Stablecoins take 83.03% of USD-denominated crypto spot volume in late-March 2026
Stablecoins have become the dominant rail for USD-denominated spot crypto trading, making up 83.03% of volume in late-March 2026. Fiat USD pairs accounted for 16.97% on centralized exchanges, a drop from 2021 when stablecoins held 77.75% and fiat pairs 22.25%. The shift reflects stablecoins' growing role in liquidity and settlement across both centralized markets and DeFi.
BTC
BTC-3.11%
1d atrás
1d atrás
EDXM International to Launch KRWQ/USDC KRW Perpetual Futures in April 2026
EDXM International says it will roll out a blockchain-based Korean won perpetual futures contract in April 2026, designed to track KRW/USD via a synthetic KRWQ/USDC pair. The product settles in USDC and uses an offshore won-backed stablecoin structure positioned as an alternative to traditional KRW non-deliverable forwards, a market cited at roughly $27 billion in average daily volume.
BTC
BTC-3.11%
1d atrás