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One platform for global traditional assets
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"The USDC Freeze Controversy: The One-Way Power of Compliant Stablecoins" (Author: Strident Citizen; Translation: Chopper, Foresight News) Circle froze wallets of 16 companies, once again exposing the centralization risk of USDC's blacklist mechanism: it responds quickly to regulatory and judicial orders but is slow or even mistaken in responding to hacker incidents and user losses; frameworks like the GENIUS Act only strengthen law enforcement cooperation obligations but do not provide user protection. The incident shows that USDC's "compliance" is more about unidirectional accountability to authority rather than equal protection for users. Read more: