Circle Freezes $57.6M USDC Linked to LIBRA Scam; fUSD Demand Skyrockets

Circle has taken action against funds linked to the recent LIBRA scam, freezing $57.6 million in USDC belonging to wallets associated with the scheme. This move highlights the potential for centralized stablecoins like USDC and USDT to be subject to censorship or seizure. The incident serves as a stark reminder of the vulnerability inherent in relying on central authorities for financial security.