Circle Freezes $57 Million From LIBRA Team Following Court Order

Circle, the issuer behind the USDC stablecoin, has frozen $57 million worth of USDC connected to the LIBRA team, according to on-chain data. The move, first reported by Aggr News on X, shows two transactions marked as “freezeAccount,” on the Solana blockchain. Circle’s USDC Transfer Halt Exposes Centralized Control Behind Stablecoins As Circle centralizes control

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