Regulation· ★★★· bearish·

USDC address holding $823 million frozen

  • —Address with $823 million in USDC was frozen
  • —No reason given; likely a regulatory action
  • —Traders fear impact on DeFi liquidity
Why it matters: The freeze of a large USDC balance could heighten concerns over issuer control of stablecoins and DeFi liquidity.
#USDC
Source: Coinfomania
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