When does compliance become censorship?

Every freeze stablecoin issuers have executed, traced from the on‑chain action to the legal or regulatory event behind it. Hover the timeline to read each cluster; drag the band below to zoom into a window.

Overview Timeline Explore Clusters Entities Triggers Sources Methodology

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Reason mix

Clusters in current view, by attributed cause

Largest events

Biggest single‑day clusters in view

By year

Wallets affected · stacked by reason

About this dataset

We track every BLACKLIST and UNBLACKLIST transaction emitted by Circle's USDC contracts on Ethereum and five other EVM chains, then attempt to attribute each to a public trigger — an OFAC SDN action, a court order, an exchange hack response, or otherwise. Where we cannot find one, the action is recorded but flagged as no public reason.

Method

Methodology
Sources cited
Source repository

Cite

Lee, Stablecoin Blacklisting, May 2026.
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