Innovation in DECENTRALIZED FINANCE continues, and the gap between exchanges and wallets is disappearing
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Stablecoin firm Circle has unfrozen $58 million worth of USDC belonging to Hayden Davis two weeks after a temporary restraining order (TRO), issued as part of his LIBRA court case, was lifted. This means that Davis, who worked with Argentinian President, Javier Milei, to launch the scandalous LIBRA token, will have full access to do whatever he wants with these funds. Blockworks’ Senior Data Engineer, Fernando Molina, spotted Circle’s unfreezing today, and noted, “It is clear that Circle did not comply with the request from the Argentine justice system.”
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Ethereum now hosts over 52% of the entire stablecoin economy. That’s more than $TRX, $SOL, $BNB, $HYPE combined. This doesn’t even count $ETH L2s.
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