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Popular blockchain investigator ZachXBT noted that the sanctioned state of North Korea is using Circle’s (NASDAQ: CRCL) native stablecoin $USDC, and that they are doing “NOTHING” to freeze the activity. This revelation comes as the stablecoin firm applies for a US banking license, following its successful IPO in June. The CRCL stock is already facing some selling pressure, down by 28% over the past week.
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