Circle Internet Group is exploring mechanisms to allow transactions in its USDC stablecoin to be reversed in cases of fraud or disputes, according to a Financial Times report.
In an interview reported by FT, Circle President Heath Tarbert said the company is “thinking through … whether or not there’s the possibility of reversibility of transactions.” He added that enabling refunds in fraud cases, similar to traditional finance, could help bring stablecoins into broader mainstream use.
Tarbert also acknowledged a tension between refundability and irreversible settlement. He said that while the company seeks a system with final settlement, the concept of reversibility introduces a conflict with the ideally immediate and irrevocable nature of blockchain transfers.
Circle is the issuer of USDC, the second‑largest stablecoin by market capitalization, following Tether’s USDT. In 2025, Circle went public through an initial public offering, marking one of the sector’s highest‑profile moves into the public markets.
As of now, Circle has not publicly confirmed detailed designs or timelines for any reversibility mechanism