Scalar Capital Co-Founder: USDC address is blocked, other restrictions may apply in the future.

On July 9, in response to the USDC address blocking, ScalarCapital co-founder Linda Xie tweeted that USDC and similarly controlled centralized stability can only be transferred to existing or legacy KYC tokens. I did. There may be a price limit. Meanwhile, Linda Xie said the blacklisting of USDC addresses is an exception and will happen in the future. The USDC has never guaranteed a stable distribution. The USD easily entered fiat currency and is still profitable due to its market value. Both centralized and decentralized stablecoins can be brought together in DeFi.