Seven USDC wallet addresses were blacklisted on Wednesday

Stablecoins • April 23, 2021, 4:02PM EDT
The Block

The Centre Consortium, the organization behind the USD Coin (USDC) stablecoin co-founded by Coinbase and Circle, blacklisted seven seemingly inactive Ethereum addresses Wednesday, data from Dune Analytics shows.

This development appears to be the first time that Centre has blacklisted USDC-containing addresses since July 2020, when Centre blacklisted an address containing more than 100,000 USDC. At the time, Centre told The Block that "it blacklisted an address in response to a request from law enforcement. While we cannot comment on the specifics of law enforcement requests, Centre complies with binding court orders that have appropriate jurisdiction over the organization."

The addresses are listed below. The Block noted their last transaction using data from the blockchain explorer Etherscan. 

  • 0x9f4cda013e354b8fc285bf4b9a60460cee7f7ea9 (15 days ago)
  • 0x7f19720a857f834887fc9a7bc0a0fbe7fc7f8102 (393 days ago)
  • 0x72a5843cc08275c8171e582972aa4fda8c397b2a (419 days ago)
  • 0x1da5821544e25c636c1417ba96ade4cf6d2f9b5a (673 days ago)
  • 0xd882cfc20f52f2599d84b8e8d58c7fb62cfe344b (778 days ago)
  • 0x7db418b5d567a4e0e8c59ad71be1fce48f3e6107 (784 days ago)
  • 0x7f367cc41522ce07553e823bf3be79a889debe1b (1193 days ago)
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This last address also had the most USDC transferred out of it, 1,756.99221894 Ether. 

According to Circle, the USDC smart contract keeps a global blacklist to help comply with anti-financial crime regulation, and blacklisted addresses may have their USDC permanently inaccessible. 

Data compiled by The Block Research shows the total supply of USDC has accelerated since the beginning of 2020. 

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MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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