yyy|Apr 23, 2026 13:19
Circle is aiming to dominate the stablecoin market and has dropped two major moves just this month:
Move 1: Turning a blind eye
During the Drift incident, they watched as the hacker's stolen funds smoothly flowed through Circle's CCTP.
Move 2: Draining the pond to catch the fish
In the KelpDAO incident, faced with massive bad debt in Aave's core lending pool, Circle's chief economist proposed adjusting Aave's lending pool parameters, significantly raising interest rates to attract deposits.
Brilliant strategy.
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