🥶 Circle just froze $58M in USDC tied to the memecoin Libra following a court order. Hearing set for June 9.
🔒 The USDC peg? Solid as ever — didn’t flinch. Good reminder that tools do exist to shut down scammy behavior.
⚠️ But also… centralized stablecoins can be turned off like a light switch. Worth keeping in mind.