Gate News message, March 31, according to SolanaFloor monitoring, in the past 24 hours Circle minted approximately 750 million USDC on the Solana chain.

Gate News reports that on March 30, Whale Alert monitoring shows that Circle minted an additional 250 million USDC on the Solana chain at 23:25 today (Beijing time).

Pharos Network announced that it will deploy the USDC and Circle cross-chain transfer protocol, providing stablecoin settlement functions and cross-chain capital flow. Developers can build lending markets and financial products on it, institutional capital can access compliant RWA markets, and users will expand financial opportunities.

BlockBeats news, on March 27, Circle announced that USDC and CCTP will soon be launched on the Pharos Network. The world's largest regulated stablecoin and secure cross-chain settlement infrastructure will be integrated into Pharos. Pharos is built specifically for applications such as tokenized RWA, institutional-standard DeFi, and stablecoin payments.

Cryptocurrency concept stocks generally fell before the market opened on March 27, with Circle's stock price dropping by as much as 1.6%. On the Hyperliquid platform, a whale shorted CRCL three days ago, with unrealized profits expanding to $350,000, yielding a return of over 57%.

According to data from DefiLlama, approximately 97.6% of DeFi projects have failed to generate significant revenue, and income is highly concentrated. In the past 30 days, only 32 projects have earned over $2 million, with main revenue coming from stablecoin issuers and trading platforms, with Tether and Circle earning $490 million and $201 million respectively. Only a few protocols have revenue between $10 million and $50 million, while some projects are experiencing losses.

On-chain detective ZachXBT revealed that Circle has unfrozen two frozen hot wallets, "500 Casino" and "Whale," which users were previously unable to withdraw from. The details of the case are still unclear, and Circle has not objected to the information.

Citibank指出, the U.S. CLARITY Act's restrictions on stablecoin reward mechanisms may have a phased impact on Circle (CRCL), but do not alter its long-term investment logic. The bill mainly affects profit distribution, but Circle's core revenue model remains relatively unaffected. While it may weaken short-term holding incentives, the key indicator for stablecoins is trading volume, not circulation.

Singapore cross-border payment company Tazapay completes $36 million Series B extension funding, led by Circle Ventures, with investors including CMT Digital. The funds will be used to obtain more regulatory licenses and develop automated payment products.