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38% of Altcoins Near All-Time Lows, Worse Than FTX Crash

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Crypto Breaking News

Risk-off market dynamics are pressing the broader crypto landscape, with new data underscoring a deepening drawdown in the altcoin sector. A CryptoQuant analyst highlighted that an estimated 38% of altcoins are currently trading near their all-time lows, a level that signals significant caution among traders and institutions alike. The overall market is viewed as unfavorable for risk-on assets, and altcoins appear to be among the first beneficiaries of a shift toward safer positions as investors reassess risk and liquidity allocation. This snapshot echoes past stress points: the same metric stood at 35% in April 2025 and hovered around 37.8% shortly after the FTX-related turmoil, illustrating that the current environment is among the most cautious in the ongoing cycle. In short, the altcoin market is grappling with a liquidity squeeze as capital reallocates toward traditional risk assets, a trend that could persist until macro and sector catalysts offer fresh direction.

Key takeaways

  • About 38% of altcoins sit near or at all-time lows, a share that underscores a broad risk-off tilt not seen since peak stress moments following major market shocks.
  • Liquidity is migrating away from altcoins toward equities and commodities, with daily crypto trading volume surging to over $417 billion on Oct. 10, reflecting a broad reallocation of risk appetite.
  • The TOTAL3 metric, which tracks the market capitalization of the crypto sector excluding BTC and ETH, has retraced to levels last seen in November 2024, signaling a broad retrenchment in altcoin activity.
  • Social and search interest in altcoins has cooled markedly, with social mentions shrinking and Google Trends showing the altcoin query at a yearly low, signaling waning public and retail enthusiasm.
  • Analysts point to structural headwinds—token oversupply and the emergence of BTC ETFs—that have changed market dynamics and kept liquidity tethered to traditional financial vehicles.

Tickers mentioned: $BTC, $ADA, $DOT, $POL

Sentiment: Bearish

Price impact: Negative. The liquidity drain and risk-off sentiment have weighed on altcoin pricing and activity, with broad caution dominating near-term price action.

Trading idea (Not Financial Advice): Hold. The current trough in altcoin activity could precede a pause or reversal, but uncertainty remains high until macro and sector catalysts clarify the path forward.

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Market context: The pullback occurs despite ongoing developments across the crypto ecosystem, including nuanced shifts in liquidity and evolving investor sentiment. These conditions are shaping price discovery as ETF dynamics and macro risk appetite influence both inflows and capital allocation to digital assets.

Why it matters

The widening drawdown in altcoins matters because it reflects a broader risk-off regime that can impact a wide spectrum of market participants—from retail traders to institutions exploring where to allocate capital in a volatile landscape. When nearly four in 10 altcoins trade near all-time lows, liquidity tends to contract, and price discovery becomes more selective. The consequence is a market where relatively fewer assets lead the narrative, and capital concentrates in a smaller subset of major coins and liquid assets. That concentration can amplify volatility for those outliers that do manage to attract attention and funding, while the bulk of smaller tokens remain under pressure.

On the investor side, the current dynamics heighten the risk of false bottoms and prolonged drawdowns. The decline in altcoin social activity and a dip in search interest—evidenced by a drop in Google Trends data for the term “altcoins”—signal waning consumer engagement. This creates a situation where catalysts beyond price action—such as new use cases, on-chain developments, or regulatory clarity—may be required to rekindle momentum. In this context, risk management becomes essential, as does nuanced monitoring of liquidity flows across markets that color altcoin performance relative to Bitcoin and major equity benchmarks.

The shift in liquidity also aligns with broader macro-trends in which institutional appetite for risk-on assets remains cautious, and capital is more readily deployed into traditional financial instruments via BTC ETFs and related vehicles. Analysts contend that the oversupply of tokens—more than 36.8 million different crypto tokens listed on CoinMarketCap—creates a crowded field where capital must be actively allocated and reallocated. While this environment can suppress broad-based altcoin rallies, it can also yield selective value opportunities as investors identify favorable risk-reward dynamics among a smaller set of assets and use-case-driven projects. The net effect is a market that trades closer to macro and liquidity signals than to pure tech narratives, a shift that has tangible implications for portfolio construction and risk budgeting in the crypto space.

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In parallel, data points show that the market remains highly sensitive to shifts in sentiment and on-chain activity. The observation that daily trading volume peaked at over $417 billion on Oct. 10—on the day of a historic market event—illustrates how liquidity surges can occur in response to systemic shocks, even as the long-running trend points to a more cautious appetite for risk. The same period saw a retracement in the TOTAL3 metric toward late-2024 levels, highlighting how the aggregate asset base outside the dominant coins has to contend with a thinning of active interest. Taken together, these signals emphasize that the altcoin sector remains highly reactive to both macro developments and industry-specific catalysts, with broader market conditions setting the tone for near-term price action.

In this environment, a few altcoins have stood out as potential beneficiaries if a bottom forms or a catalyst emerges. While the market is not short on candidates, the current reality is that liquidity remains fragile, and downside risk remains a persistent feature of price discovery for most non-BTC assets. The overall message is one of heightened caution, where selective, well-supported projects with solid use cases and robust on-chain metrics may find more favorable reception than the broader, heavily diluted field.

As part of the broader discussion, observers note that social interest in altcoins has trended downward in tandem with a cooling in search interest. This combination of diminished engagement and thinner liquidity can complicate the task of forecasting immediate rebounds, even if some token-specific developments spark renewed attention. The market’s focus appears to be shifting away from broad altcoin momentum toward a more conditional, event-driven approach where only a handful of assets can sustain momentum in the face of competing macro headwinds and liquidity constraints. The conversation around altcoins remains central to the ongoing debates about how crypto markets should price risk, allocate capital, and measure value in a landscape characterized by rapid innovation and evolving regulatory considerations.

For readers who want to verify the underlying data, the discussion references several sources that track altcoin activity, liquidity, and interest metrics. The CryptoQuant analysis offers a direct read on near-ATL altcoin exposure, while CoinMarketCap’s charts provide a lens into overall trading volumes. TradingView’s TOTAL3 metric sheds light on asset mix dynamics outside the two dominant coins, and Google Trends provides a proxy for public interest in altcoins. A related data point highlights how a sizable portion of altcoins has seen outflows relative to Bitcoin, underscoring a broader rotation of capital within the crypto space.

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In the broader arc of market evolution, the current altcoin drawdown is taking place alongside ongoing debates about the pace and direction of crypto regulation, institutional adoption, and the introduction of new investment vehicles. The evolving landscape suggests that the next phase will hinge on both macro risk sentiment and the emergence of catalysts within the altcoin segment that can spark renewed risk appetite or a more durable bottoming process.

The broader crypto ecosystem remains dynamic, and investors should stay attuned to shifts in liquidity, sentiment, and on-chain activity as the market navigates a potentially extended period of price discovery for altcoins.

Related: $209B exited altcoins over the last 13 months: Did traders rotate into Bitcoin?

Altcoin social activity drowned out by Bitcoin

The latest data indicate that altcoin mentions on social platforms have cooled, with sentiment analysis showing fewer discussions around altcoins as Bitcoin-led narratives dominate market chatter. This shift aligns with a broader pattern of reduced engagement in altcoin narratives, even as select developments continue within specific projects. The dynamic underscores the challenge for altcoins to regain visibility and traction in a crowded, highly competitive space where macro factors and institutional flows dominate the conversation.

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What to watch next

  • Monitor changes in the Total3 metric and related on-chain activity for altcoins, looking for signs of broad-based stabilization or further erosion.
  • Track BTC ETF flows and any shifts in Bitcoin liquidity, as these can influence the broader altcoin rotation and market dynamics.
  • Watch social sentiment and Google Trends data for altcoins for early indicators of renewed interest or renewed weakness.
  • Notice any policy or regulatory developments that could affect liquidity and capital allocation within the crypto market.

Sources & verification

  • CryptoQuant analysis by Darkfost on the share of altcoins near all-time lows: https://cryptoquant.com/insights/quicktake/69a608ad312550148f4ed342-38-of-Altcoins-Near-ATL-worse-than-the-post-FTX-period
  • CoinMarketCap charts for overall trading volumes and market data: https://coinmarketcap.com/charts/
  • TradingView TOTAL3 metric illustrating altcoin market cap movements (excl. BTC and ETH): https://www.tradingview.com/chart/g7xkPkTa/?symbol=CRYPTOCAP%3ATOTAL3
  • Google Trends data for altcoins: https://trends.google.com/explore?q=altcoins&date=today%201-y&geo=Worldwide
  • Discussion on altcoin exits and Bitcoin rotation: https://cointelegraph.com/news/dollar209b-exited-altcoins-over-the-last-13-months-did-traders-rotate-into-bitcoin

Market reaction and key details

Altcoin drawdown deepens as risk-off sentiment takes hold

In the latest market read, a broad risk-off pulse is pressuring the altcoin cohort, with a notable portion treading near all-time lows and liquidity shifting toward more traditional assets. The breadth of the weakness across altcoins is a defining feature of the current phase, even as select projects with real-world traction continue to pursue growth narratives. The emphasis now is on identifying what can catalyze a sustainable repricing in a landscape that has grown more selective as liquidity concentrates around fewer assets.

Why it matters

For investors, the current environment underscores the importance of robust risk controls and disciplined capital allocation. With a large share of altcoins trading at or near their worst prices, there’s a heightened risk of continued drawdown unless catalysts emerge that restore demand and liquidity. For builders and protocol teams, the context reinforces the need for clear value propositions, on-chain utility, and measurable traction to attract scarce capital in a crowded market. The broader market’s sensitivity to macro signals and ETF flows also suggests that token-specific developments must be complemented by broader market catalysts to sustain any meaningful upside.

What to watch next

  • Watch for any shifts in the TOTAL3 metric that would indicate broader stabilization or renewed focus on altcoin liquidity.
  • Monitor ETF-related capital movements into Bitcoin and how they ripple through altcoin liquidity and market breadth.
  • Track social sentiment and search interest as potential leading indicators of renewed retail interest or renewed caution.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Crypto World

MrBeast faces Senate scrutiny over teen crypto app acquisition

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MrBeast faces Senate scrutiny over teen crypto app acquisition

United States Senator Elizabeth Warren is asking Jimmy Donaldson, aka “MrBeast,” and Beast Industries CEO Jeff Housenbold to explain why they acquired a teen app that coached minors to pressure their parents into buying crypto.

The 12-page letter demands answers about why Donaldson bought the app, called Step, that published word-for-word scripts coaching teens.

“Crypto and stock investing is not taught in my school, but by using Step, it’ll teach me life skills like how to balance risk and rewards,” the script told children to recite to their guardians.

“Mom, you’ve had Apple stock forever, bitcoin has just as much potential,” it continued.

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After MrBeast’s acquisition in February, the owner of Step’s YouTube account set most of its videos to private to prevent them from being publicly viewable.

Step claims to serve about 7 million customers and focuses on minors.

In 2022, the company launched crypto trading for teens through Zero Hash LLC. Step claimed to be “the first platform to allow teens, with the consent of a parent or legal guardian, to responsibly participate first-hand in the rapidly evolving investing landscape, starting with buying and selling bitcoin.”

By April 2022, Step boasted that teens under 18 years old would be able to “access 50+ tokens” and would “be able to buy NFTs.”

It didn’t mince words about whether these purchases would be incidental, de minimis values for educational purposes.

To the contrary, it called the offering an “investing platform” to “ensure the next generation is prepared for their financial futures.”

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Read more: Esports influencer fired for pumping and dumping ‘Save The Kids’ crypto

Script for kids still live on YouTube in late 2024

While the company claimed minors could invest only with parental consent, Step built the consent bypass toolkit itself with its scripted coaching tutorials.

A review of YouTube URLs confirms that they now return private notices. Several of the original links still display metadata in Google caches.

Although Step promoted crypto heavily before MrBeast acquired it, it discontinued several of its offerings over the years.

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However, the script teens were supposed to use to convince their parents to invest in crypto was still live on YouTube as recently as December 28, 2024.

That’s years after the initial crypto investing initiative by Step and more than half a year after Step’s May 1, 2024 claim that it had shut down all crypto investing accounts.

The company appears to have fully ended its crypto investing post-acquisition.

Bitmine’s ETH company helped MrBeast buy Step 

Beast Industries acquired Step after a $200 million investment from Bitmine Immersion Technologies, Tom Lee’s ether (ETH) treasury company.

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Bitmine, embarrassingly, has lost more money investing in ETH than even FTX’s customer deposits

MrBeast’s YouTube channel has more than 470 million subscribers. About 39% of his viewers are between ages 13 and 17, with the vast majority of his viewers younger than 25.

In late 2025, Beast Holdings LLC filed a trademark for MrBeast Financial. It mentioned crypto exchange services and decentralized exchange transactions.

MrBeast has an April 3 deadline to respond to the senator’s questions.

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What infrastructure do companies use to add stablecoin payments?

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What infrastructure do companies use to add stablecoin payments?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Stablecoins gain ground as global payment tools bridging blockchain and traditional finance.

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Summary

  • Stablecoins power faster payments, but infrastructure providers bridge fiat, compliance, and blockchain access for users.
  • Fintech apps rely on stablecoin APIs to enable fast, compliant payments without building complex global infrastructure.
  • Stablecoin adoption grows as providers handle fiat conversion, KYC, and payments behind the scenes for apps.

Stablecoins are quickly becoming part of the global payments stack.

Fintech apps use them to settle transactions faster. Remittance platforms use them to move money across borders. Payroll companies use them to pay global contractors.

But while stablecoins settle on blockchain networks, users still interact with traditional financial systems.

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Someone still needs to convert fiat into stablecoins. Someone needs to handle compliance and identity verification. Someone needs to connect cards, bank transfers, and local payment methods to blockchain networks.

This is where stablecoin payment infrastructure comes in.

Companies like Transak provide the regulated infrastructure that connects traditional payment methods with stablecoin networks, allowing fintech apps, wallets, and marketplaces to integrate stablecoin payments without building the underlying financial rails themselves.

What is stablecoin payment infrastructure?

Stablecoin payment infrastructure refers to the systems that allow applications to convert traditional currencies such as USD, EUR, or GBP into stablecoins and move those funds across blockchain networks.

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These systems typically provide several core capabilities.

  • Fiat to stablecoin conversion
  • Payment method connectivity, such as cards and bank transfers
  • Identity verification and compliance infrastructure
  • Fraud monitoring and transaction screening
  • Global regulatory coverage
  • Stablecoin liquidity and settlement

Without this infrastructure, stablecoins would be difficult for most businesses or consumers to access.

Providers such as Transak operate this infrastructure layer, enabling fintech companies to integrate stablecoin payments through a single API while relying on existing regulatory and payment systems.

What infrastructure do companies use to add stablecoin payments?

When a fintech app enables stablecoin payments, several components work together behind the scenes.

Most stablecoin payment flows rely on three main layers.

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  1. Blockchain networks like Ethereum, Polygon, or Solana serve as the settlement layer for recording transactions.
  2. Stablecoin issuers like Circle provide fiat-backed digital tokens that maintain a stable value pegged to traditional currencies.
  3. Infrastructure providers like Transak bridge the gap by connecting traditional banking and compliance systems with blockchain networks.

Platforms such as Transak enable users to convert fiat currencies into stablecoins using payment methods like cards, bank transfers, or local payment systems. They also enable the reverse process, allowing users to convert stablecoins back into fiat and withdraw funds to bank accounts.

By integrating providers like Transak, fintech companies can enable stablecoin payments without building their own compliance systems, banking relationships, or payment acquiring infrastructure.

How fiat to stablecoin conversion works

For most users, stablecoin payments begin with converting traditional money into digital tokens.

This process is often referred to as a stablecoin on-ramp.

A typical fiat-to-stablecoin conversion flow looks like this.

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  1. A user selects a payment method such as a card or bank transfer.
  2. The payment infrastructure processes the transaction and verifies the user’s identity.
  3. Fiat currency is converted into stablecoins through liquidity providers.
  4. The stablecoins are delivered to the user’s wallet or application.

On-ramp providers like Transak handle the complex parts of this process, including compliance checks, payment processing, fraud monitoring, and regulatory requirements.

This allows applications to provide stablecoin access without operating their own financial infrastructure.

What is a stablecoin on-ramp?

A stablecoin on-ramp allows users to convert traditional currencies into stablecoins using familiar payment methods.

For example, a user might purchase stablecoins using a credit card, a bank transfer, or a regional payment system such as SEPA or PIX.

On-ramp providers like Transak connect these payment systems with blockchain networks, allowing users to access stablecoins directly from within wallets or fintech apps.

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This infrastructure is essential for making stablecoins accessible to mainstream users.

Examples of stablecoin payment infrastructure providers

Several companies provide infrastructure that enables applications to integrate stablecoin payments.

These providers focus on connecting traditional financial systems with blockchain networks while handling compliance and regulatory requirements.

Examples of stablecoin payment infrastructure providers include:

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  • Transak
  • MoonPay/Iron
  • Coinbase infrastructure tools
  • Stripe’s crypto-related services

Among these providers, Transak focuses specifically on enabling global fiat to stablecoin connectivity for fintech platforms, wallets, remittance services, and digital marketplaces.

Through its infrastructure, companies can allow users to fund transactions using local payment methods and move value through stablecoin networks.

How fintech apps integrate stablecoin payments

Most fintech applications integrate stablecoin infrastructure through APIs provided by payment infrastructure platforms.

For example, when a user opens a wallet or financial application and chooses to buy stablecoins, the application typically connects to a provider such as Transak behind the scenes.

The provider manages payment processing, identity verification, regulatory compliance, and conversion between fiat currencies and stablecoins.

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This approach allows fintech companies to add stablecoin functionality without needing to build global payment infrastructure themselves.

As a result, stablecoin payments can be integrated relatively quickly while remaining compliant with financial regulations.

Why infrastructure matters for stablecoin payments

While blockchain networks provide the settlement layer, most users still interact with traditional financial systems when entering or exiting stablecoin networks.

Without infrastructure connecting these systems, stablecoins would remain difficult to use in everyday financial products.

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Payment infrastructure providers such as Transak bridge this gap.

They connect cards, bank transfers, and regional payment systems with blockchain networks while managing compliance, fraud monitoring, and regulatory licensing.

This infrastructure allows fintech companies to focus on building products while relying on established payment rails.

The role of infrastructure in the future of stablecoin payments

Stablecoins are increasingly becoming part of the backend infrastructure powering modern financial applications.

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  • Remittance platforms use them to move money globally.
  • Payroll companies use them to pay international teams.
  • Fintech apps use them to settle transactions more efficiently.

But for these systems to work at scale, reliable infrastructure is required to connect traditional financial systems with blockchain networks.

Companies like Transak provide this infrastructure layer, enabling applications around the world to integrate stablecoin payments while relying on compliant, regulated financial rails.

As stablecoin adoption continues to grow, the role of infrastructure providers such as Transak will become increasingly important in connecting traditional money with digital settlement networks.

FAQs about stablecoin payment infrastructure

What companies provide stablecoin payment infrastructure?

Examples of stablecoin payment infrastructure providers include Transak, MoonPay, Coinbase infrastructure tools, and Stripe’s crypto-related services.

Among these providers, Transak focuses on enabling fintech platforms, wallets, remittance services, and digital marketplaces to connect traditional payment methods with stablecoin networks through a single API.

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How do fintech apps integrate stablecoin payments?

Most fintech applications integrate stablecoin payments by connecting to payment infrastructure providers through APIs.

Providers such as Transak handle the complex parts of the process, including payment processing, identity verification, regulatory compliance, and conversion between fiat currencies and stablecoins.

What is a fiat-to-stablecoin on-ramp?

A fiat-to-stablecoin on-ramp allows users to convert traditional currencies into stablecoins using payment methods like cards, bank transfers, or local payment systems.

On-ramp infrastructure providers such as Transak connect traditional financial systems with blockchain networks, allowing users to access stablecoins directly within wallets, fintech apps, or marketplaces.

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This infrastructure is essential for making stablecoins accessible to mainstream users.

Why do companies use infrastructure providers instead of building stablecoin systems themselves?

Building stablecoin payment infrastructure internally can be complex, cost millions, and time-consuming (over 18 months in some cases).

Companies must obtain regulatory licenses, establish banking relationships, implement compliance and identity verification systems, and support multiple payment methods across different regions.

Infrastructure providers like Transak simplify this process by offering regulated payment rails that fintech companies can integrate through APIs.

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This allows product teams to launch stablecoin features without managing global financial infrastructure themselves.

How are stablecoins used in cross-border payments?

Stablecoins allow value to move across blockchain networks quickly and globally. This makes them useful for cross-border payments such as remittances, global payroll, and international marketplace payouts.

However, users still need reliable ways to convert between fiat currencies and stablecoins. Infrastructure platforms such as Transak enable these conversions by connecting traditional payment methods with stablecoin networks.

Can stablecoins be used for payroll or contractor payments?

Yes. Many payroll platforms and global businesses are exploring stablecoins as a way to pay international contractors more efficiently.

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In this model, companies convert fiat into stablecoins, transfer the funds globally, and allow recipients to convert them back into local currency.

What role does Transak play in the stablecoin ecosystem?

Transak provides a regulated payment infrastructure that connects traditional financial systems with stablecoin networks.

Through its APIs, wallets, fintech companies, remittance platforms, payroll providers, and marketplaces can enable users to convert fiat currencies into stablecoins and withdraw stablecoins back into traditional currencies.

Transak handles compliance, identity verification, payment processing, fraud monitoring, and global payment coverage, allowing applications to integrate stablecoin functionality without building their own financial infrastructure.

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Is stablecoin infrastructure different from crypto on-ramps?

Crypto on-ramps were originally designed to help users purchase cryptocurrencies using traditional payment methods.

As stablecoins have become more widely used for financial applications, on-ramp infrastructure has expanded to support payment flows such as remittances, payroll, and treasury operations.

Platforms like Transak operate both as crypto on-ramp providers and as broader stablecoin payment infrastructure, enabling fintech companies to integrate digital asset payments within their applications.

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Circle Froze 16 ‘Unrelated’ Stablecoin Wallets, Says ZachXBT

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Decentralization, Circle, Stablecoin

Stablecoin issuer Circle, the company behind the USDC (USDC) dollar-pegged token, wrongfully froze 16 wallets in connection with an ongoing civil legal case in the United States, according to onchain investigator and security researcher ZachXBT.

The wallets in question belonged to crypto exchanges, online casinos and foreign currency exchange businesses, which “do not appear related at all,” ZachXBT said

“An analyst with basic tools could have identified, within minutes, that these were operational business wallets from the thousands of transactions they process,” he said

Decentralization, Circle, Stablecoin
Source: ZachXBT

In a separate social media post, the onchain investigator wrote that the case is “sealed,” and Circle had “zero basis” to freeze the fiat-pegged tokens. He added:

“In my 5-plus years of investigations, it could potentially be the single most incompetent freeze I have seen. This is what happens when you outsource your freezing decisions to literally any random federal judge instead of having a process.”

Cointelegraph sought comment from Circle about the claims but did not obtain a response by the time of publication. 

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Decentralization, Circle, Stablecoin
A simplified illustration of the USDC wallets frozen by Circle. Source: ZachXBT

Centralized stablecoins can be frozen by the issuer, which goes against the core value proposition of cryptocurrencies as permissionless, censorship-resistant assets, critics of the technology say.

Related: ZachXBT says fake X accounts used viral war content to drive crypto scams

Crypto executives warn that regulated stablecoins are gateway to CBDCs

“This is your 10th reminder that centrally issued stablecoins are not actually yours; they can be frozen, unlike cash,” Mert Mumtaz, founder of remote procedure call (RPC) node provider Helius, said in response to the USDC wallet freezes.

Jean Rausis, co-founder of the Smardex decentralized trading platform, said that provisions in the GENIUS stablecoin regulatory framework laid the groundwork for a privately managed central bank digital currency (CBDC) to emerge.

Centralized stablecoins effectively give the issuer the same financial surveillance and asset freezing capabilities that a standard CBDC would provide, he said.

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Former US lawmaker Marjorie Taylor Greene echoed Rausis’s warning in May 2025, arguing that regulated stablecoins under the GENIUS bill are a “CBDC Trojan Horse.” 

Magazine: Coinbase hack shows the law probably won’t protect you: Here’s why