Regulation· ★★★· neutral·

Circle freezes 611,000 USDC on Ethereum in single transaction

  • —Circle froze 611,000 USDC on Ethereum via a single transaction on September 26
  • —The freeze operates at the USDC contract level, so switching wallets or exchanges does not help
  • —The July 2025 GENIUS Act requires US-licensed issuers to freeze and burn tokens on legal order
  • —Tether claims over $2.5 billion in frozen USDT, including a token-destruction function Circle does not use
Why it matters: The freeze underscores that regulated stablecoins can be blocked on legal order, a key risk for USDC holders.
#USDC#USDT
Source: Journal du Coin
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