Circle Faces Backlash Over Reversible USDC Plans

Circle is facing a lot of community backlash after publicizing plans to make USDC transactions reversible. The firm argued that this could prevent crimes, but might change DeFi forever. This measure could recreate TradFi centralization on the blockchain, creating new pressure for DEXs and liquidity pools to do likewise. Some critics don’t believe reversible transactions would even deter thefts source: https://beincrypto.com/circle-faces-backlash-over-reversible-usdc-plans/