/biz/ - Business & Finance

How did they "Freeze" $75,000 USDC? Anonymous Wed Nov 16 09:19:38 2022 No.52464383 [View]
File: 58 KB, 1091x1086, Tornado-Cash-pdf-e1660202302122.jpg [View same] [iqdb] [saucenao] [google]

>In compliance with the government sanction, Circle, the issuers of USDC — a stablecoin tied to the U.S. dollar — froze over $75,000 of assets on the platform.
https://www.nerdwallet.com/article/investing/tornado-cash-sanctions

Whats to stop the holders just using that "frozen" USDC on uniswap etc?
Is there something built into the USDC token that enables them to block transactions with it?

If so USDC is worthless piece of shit.

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