Decentralized Stablecoins Take Off

Published on: August 10th, 2022

Prices of governance tokens issued by decentralized stablecoin projects have spiked up with tokens like FLX, LQTY and SPELL rising between 21-40% since last week. This market reaction was in response to Circle blocking over 75k USDC tokens by blacklisting the 44 Tornado Cash addresses that have been sanctioned by the US Treasury Department.


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