Circle’s USDC Used By North Korea Claims ZachXBT, US Banking License Under Threat?

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.