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Circle Cuts Off $57M USDC in LIBRA Memecoin Fallout—Because Nothing Says ’Stable’ Like a Scandal
Circle Cuts Off $57M USDC in LIBRA Memecoin Fallout—Because Nothing Says ’Stable’ Like a Scandal
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Another day, another crypto controversy—this time with a side of regulatory irony. Circle just froze 57 million USDC tied to the LIBRA memecoin debacle, proving once again that ’stablecoins’ aren’t immune to chaos.
When memecoins meet money laundering suspicions, even the giants flinch. The move highlights the growing tension between decentralization and the need for control—because apparently, $57 million can’t just vanish without someone noticing.
Bonus jab: If you thought traditional finance was opaque, wait until you see crypto’s version of ’compliance.’ Spoiler: It’s just as messy, but with more memes.
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