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Benzinga
Benzinga
Business
Khyathi Dalal

Circle Reportedly Looking Into 'Reversible' Stablecoin Transactions

Kyiv,,Ukraine,-,August,17,,2024,Usdc,Stable,Coin,On

Circle (NASDAQ: CRCL), the issuer of the USDC (CRYPTO: USDC) stablecoin, is reportedly looking to bridge the gap between crypto and traditional finance by adding a reversibility mechanism for its stablecoin.

What Happened: Circle president Heath Tarbert said in the Financial Times the feature would allow counter-payments, similar to credit card refunds, instead of directly unwinding transactions.

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