Circle Tests USDC On-Chain Refund Feature to Boost Institutional Adoption

USDC News - Circle, the issuer of the USDC stablecoin, is testing a novel approach to transaction reversibility on its Arc blockchain. The proposal aims to blend blockchain's settlement speed with traditional banking protections, targeting institutional users who require dispute resolution mechanisms. The move represents a significant departure from crypto's Immutable transaction paradigm. Heath Tarbert, Circle's president, acknowledges the inherent tension between instant settlement and fraud protection, suggesting the company seeks to balance these competing priorities. Market observers note the irony in Circle attempting to solve problems created by blockchain's very design. The initiative could make stablecoins more palatable to risk-averse financial institutions, potentially accelerating mainstream adoption.