Block Signals · Jun 7, 2026

Native USDC Passed $140 Billion, and the Crypto Bridge Vault Is Being Designed Out

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Native USDC has carried $140B with no vault to steal, while bridge exploits drained $328M through mid-May. The design is changing.

Circle’s Cross-Chain Transfer Protocol has carried more than $140 billion in USDC across chains since launch. Its latest quarterly results put $49.2 billion of that in the first quarter alone, three times the same period a year earlier. Over the same period, the older way of moving assets between chains kept failing publicly. The Block counted more than…

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