US Court Freezes $57 Million in USDC Linked to LIBRA Scandal

A U.S. court has ordered the freezing of $57 million in USDC, linked to the failed Libra project in Argentina and its potential financial implications. Circle, the company behind USDC, is complying with this legal directive. While no formal statement from Circle executives is available yet, this action highlights the need for stringent compliance measures within the cryptocurrency space.