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New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
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Use USDT/USDC to mint GUSD for treasury-level yields
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📌 Related Campaign:
Launchpool 👉 https://www.gate.com/announcements/article/47886
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Circle updates USDC policy to allow legal gun purchases, sparking discussions on stablecoin neutrality.
According to a report by Decrypt on November 6, the stablecoin issuer Circle has updated its terms of service, removing the previous prohibition on using USDC to purchase firearms. This policy change was made under pressure from the National Shooting Sports Foundation (NSSF) and gun rights advocates, who accused Circle of discriminating against legitimate business activities.
Circle spokesperson confirmed: “We have clarified the terms, reflecting that USDC can be used for legal firearm transactions under the Second Amendment protections. We will not refuse USDC transactions involving legal firearms.”
Republican Senator Bill Hagerty called it a “victory against the weaponization of the financial system.” However, Kadan Stadelmann, CTO of blockchain technology company Komodo, warned that this incident indicates that “stablecoins are influenced by political figures” and questioned whether centralized stablecoin issuers can truly maintain neutrality, as they are “bound by U.S. laws, regulations, and political policies.”