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Tether and Circle Freeze Billions in Crypto Linked to Illicit Activity

The two largest stablecoin issuers halted $3.3 billion in USDT and $109 million in USDC over three years in efforts to combat unlawful transactions.

USDT
USDC

Summary

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Terms & Concepts
  • Stablecoin: A type of cryptocurrency designed to maintain a stable value by pegging it to a reserve asset, such as the U.S. dollar.
  • USDT: Tether's U.S. dollar-pegged stablecoin used globally for trading and payments.
  • USDC: USD Coin, a U.S. dollar-pegged stablecoin issued by Circle, commonly used for transactions and decentralized finance.