Tether Sticks to Decision Not to Bar Tornado Cash Addresses

Notably, Circle – the issuer of stablecoin USDC – blacklisted Tornado Cash smart contracts within hours of the sanctioning. “We believe that, if made without instructions from U.S. authorities, the move by USDC … was premature and might have jeopardized the work of other regulators and law enforcement agencies around the world,” said Tether.