According to data from Dune Analytics, the Centre Consortium has reportedly blacklisted seven addresses. The addresses blacklisted are Ethereum addresses and are seemingly inactive. The last time Centre blacklisted USDC containing addresses was in July 2020.
According to the Centre, the USDC blacklisting which was the first time since July last year was as a result of a request from law enforcement agencies. The addresses that were blacklisted held more than 100,000 units of the digital asset. Centre, however, failed to provide more information concerning the request from the authorities.
The USDC Blacklisted Addresses
Centre is an organization known to abide by law and work in line with Governmental laws and anti-fraud organizations. The seven addresses that were blacklisted are:
According to data from Etherscan, the first USDC address had its last transaction 15 days ago. The second address that was blacklisted had its last transaction a year and one month ago. The fourth address last’s transaction was 419 days ago. The fifth was 673 days ago. The sixth had its last transaction 778 days ago. The sixth and seventh had their last transactions 784 and 1193 days ago respectively.
The last address has the record of the most USDC transferred out of it, with a value of 1,756 ETH. Centre stated that it is possible that all seven blacklisted addresses may become permanently accessible sooner or later. This means that users of the network will be unable to send tokens to such addresses and the addresses will be unable to receive tokens too.
Since the beginning of last year, the supply of USDC has increased. At the moment, the Stablecoin has a circulating supply of 13 billion coins and a maximum supply of 13.4 billion. The crypto asset is currently being used on many popular exchanges all over the world, including Binance, Bitstamp, Latoken and Crypto.com.