Circle Explores Reversing USDC Transactions to Counter Fraud: FT
Circle Internet (CRCL) is exploring the possibility of reversing transactions involving its stablecoin, USDC.
This move aims to introduce a feature similar to traditional finance where transactions can be refunded in cases of fraud or disputes.
Stablecoins like USDC and [Tether's USDT](https://holder.io/coins/usdt/) are crucial for providing stability against volatile tokens such as [bitcoin (BTC)](https://holder.io/coins/btc/) and [ether (ETH)](https://holder.io/coins/eth/).
The stablecoin sector holds a market cap of about $300 billion, with USDC at $74 billion and Tether's USDT at $173 billion.
This potential change may face resistance from crypto purists who value transaction finality and decentralization.
Circle has been expanding the adoption of stablecoins following its IPO in June.
