Circle’s USDC Under Scrutiny for North Korea Use

Circle’s USDC Under Scrutiny for North Korea Use

Blockchain investigator ZachXBT has raised serious compliance concerns about Circle’s USD Coin (USDC), alleging that the stablecoin is being used by North Korean entities for illicit transactions without intervention from the issuer. These claims emerge as Circle (NASDAQ: CRCL), fresh off its high-profile IPO in June, seeks a U.S. banking license. According to ZachXBT, sanctioned North Korean IT operatives are leveraging USDC to move illicit ...

Circle’s USDC Under Scrutiny for North Korea Use

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