Circle Reverses USDC Ban on Gun Businesses After Political Backlash
The issuer of USDC stablecoin lifted its prohibition on firearms-related transactions following criticism from gun rights advocates and concerns over political bias.
USDC
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Terms & Concepts
USDC: A U.S. dollar-pegged stablecoin issued by Circle, used for payments and trading in the cryptocurrency ecosystem.
Stablecoin: A cryptocurrency designed to maintain a fixed value, often pegged to a fiat currency like the U.S. dollar.