TechFlow, September 25 — According to the Financial Times, stablecoin issuer Circle is exploring the possibility of adding a refund feature to USDC payments to address fraud and hacking incidents. Heath Tarbert, President of Circle, said the company is weighing how to add reversibility to USDC transactions without compromising the settlement finality of blockchain systems.
The report noted that Circle has recently begun testing Arc, a new blockchain designed specifically for institutional use, allowing banks, asset management firms, and corporations to settle transactions such as foreign exchange payments using stablecoins. While Arc does not support direct transaction reversal, it may introduce a "reverse payment" layer similar to credit card refunds, enabling parties to agree on reversing transactions through an off-chain, compliant, and transparent process.
