Circle incident

USDC & CCTP on Pharos Delayed mints, burns, and transfers

Critical Resolved View vendor source →

Circle experienced a critical incident on June 25, 2026 affecting 3rd Party Infrastructure & Systems and PHAROS - Cross-Chain Minting and Burning and 1 more component, lasting 1h 4m. The incident has been resolved; the full update timeline is below.

Started
Jun 25, 2026, 10:02 AM UTC
Resolved
Jun 25, 2026, 11:07 AM UTC
Duration
1h 4m
Detected by Pingoru
Jun 25, 2026, 10:02 AM UTC

Affected components

3rd Party Infrastructure & SystemsPHAROS - Cross-Chain Minting and BurningUSDC - PHAROS - MintingUSDC - PHAROS - Redeeming

Update timeline

  1. investigating Jun 25, 2026, 10:02 AM UTC

    USDC mints and burns on [blockchain] are delayed due to network issues. We are currently investigating the cause.

  2. investigating Jun 25, 2026, 10:08 AM UTC

    We are continuing to investigate this issue.

  3. identified Jun 25, 2026, 10:53 AM UTC

    The issue has been identified and a fix is being implemented.

  4. identified Jun 25, 2026, 10:54 AM UTC

    We are continuing to work on a fix for this issue.

  5. resolved Jun 25, 2026, 11:07 AM UTC

    This incident has been resolved.