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Can USDC freeze funds?

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Another key drawback of USDC is that your account can be frozen by the centralized authority: USDC tokens are ERC-20 compatible and can be used with any ERC-20 compatible digital wallet.

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Yes, USDC (USD Coin) is a stablecoin that is subject to regulations and compliance requirements. In certain circumstances, such as legal orders or suspected fraudulent activity, the funds associated with USDC can be frozen by the issuer or authorities to comply with these regulations and protect users. It is important to be aware of the terms and conditions associated with using USDC to understand under what circumstances funds may be frozen.
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