Circle Upgrades the USDC Transparency Stack: Why Is This Important for Stablecoins?

Jeremy Allaire, CEO and creator of Circle Inc., the financial powerhouse behind the USD Coin (USDC) stablecoin, emphasizes his company’s commitment to the highest transparency standards for its flagship product.

38 addresses have been blacklisted with a total of $2.7 million in USDC: Circle

Mr. Allaire has turned to Twitter to offer a full thread on the recent security and transparency advances for USD Coin (USDC).

He gave some USD data to emphasize that USDC is the most “stable” stablecoin ever, with a two-year standard deviation of less than $0.003.

USDC is a fully certified and attested stablecoin that is also fully compatible with OFAC regulations. Circle has blacklisted 38 addresses of USDC holders, totaling $2.7 million, due to sanctions. In addition, the protocol began publishing weekly public breakdowns of its main financial indicators.

Mr. Allaire also provided data on USDC’s integration into the worldwide Web3 context. He claims that the token is currently supported by 180 exchanges and integrated into over 30 different systems.