Circle Won’t Freeze Stolen USDC Without Court Order, CEO Points Out
Circle Internet (NASDAQ:CRCL) CEO Jeremy Allaire said the company only freezes USDC wallets when law enforcement or courts direct it to do so, as shares surged 9%.
The Court-Order-Only Policy
Speaking at a press conference in Seoul, Allaire explained that USDC operates as a regulated financial product, not a tool for real-time intervention during hacks.
“Circle follows the rule of law, and we are able to undertake actions such as freezing a wallet at the direction of law enforcement or the courts,” Allaire said.
He positioned USDC as part of the traditional financial system, subject to legal process. The company won’t make freeze decisions on its own during an exploit—it waits for formal requests from authorities.
How Tether Does It Differently
Rival Tether, which issues the world’s largest stablecoin (CRYPTO: USDT), takes a more aggressive approach.
The company has repeatedly frozen funds linked to hacks within hours.
In several …
About The Author
