TLDR Tech / Crypto
Circle Unfreezes USDC in 16 Business Hot Wallets After Backlash
Circle reversed its freeze on USDC balances held in 16 business hot wallets belonging to exchanges, casinos, and forex platforms (including FxPro, Pepperstone, AMarkets, and HeroFX) after the March 23 blacklisting triggered widespread criticism over centralized stablecoin control. The freeze, tied to an undisclosed civil case filed in New York, drew scrutiny from ZachXBT and a joint statement from the Blockchain Association urging Circle to increase transparency around its freeze criteria. Circle has frozen roughly $110 million across fewer than 500 addresses historically, compared to Tether's approximately $1.6 billion across 2,500+ addresses.
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