Brazilian Court Orders Circle to Freeze USDC in Crypto Fraud Case

A court in São Paulo, Brazil, has ordered Circle to freeze USDC involved in a cryptocurrency fraud case amounting to approximately $13,000. This marks the first instance in Brazil where the judiciary has directly instructed a stablecoin issuer to freeze USDC. The case involves a victim who transferred funds in an "AI high-yield investment" scam. Authorities tracked the USDC through blockchain technology and determine.