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

Most big bridge losses came from compromised keys, not clever code, so the new architecture removes the honeypot entirely

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…