Circle CEO Defends USDC Freeze Policy Amid Censorship Concerns
Circle says USDC (a dollar-backed stablecoin) freezes require an explicit legal basis, while industry critics question delayed responses and warn against arbitrary restrictions.
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Terms & Concepts
USDC: A dollar-backed stablecoin issued by Circle, designed to maintain a one-to-one value with the U.S. dollar.
Stablecoin: A cryptocurrency designed to track the value of an external asset, often a fiat currency such as the U.S. dollar.
Token freeze: A blockchain-related control that can restrict movement of specific tokens, typically under defined legal or compliance conditions.