
Circle CEO Jeremy Allaire Denies Claims USDC Will Be Used for Strait of Hormuz Passage! Here Are the Details
Circle CEO Jeremy Allaire has denied claims that $USDC will be used for transit fees in the Strait of Hormuz. Speaking at a press conference in Seoul, Allaire stated that this scenario is “extremely unlikely.” Allaire emphasized that Circle operates with strict regulatory compliance standards and works closely with global authorities. Therefore, he stated, a regulated stablecoin like $USDC is unlikely to be preferred in transactions carrying sanctions risks. According to the CEO, individuals and entities under sanctions generally prefer to use less regulated alternative stablecoins. Allaire also pointed out that due to $USDC’s technical structure, assets at specific addresses…








