The CEO of Circle, Jeremy Allaire, praised USDC as a transparent, liquid, and safe digital dollar on social media platform X. However, this statement drew attention from a blockchain investigator, ZachXBT, who questioned Circle's handling of crypto hacks and their lack of action when it comes to freezing funds in illicit cases. This raises concerns about Circle's accountability as the issuer of USDC and spurs a debate on the responsibilities of centralized issuers. The investigator also mentioned that other issuers like Paxos, Tether, and Techteryx are more proactive in addressing exploits and hacks.



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