Circle, the company that issued the USD Coin Stablecoin (USDC), announced that it has joined the sanctions regime against the Tornado Cash service.
Not only experts reacted negatively to this decision of the token issuer, but also the largest USDC-addresses.
Whales began to redistribute their capital in favor of Tether (USDT). The developers of this stabelcoin have not yet joined the sanctions regime, so investors began to withdraw funds from USDC and invest them in USDT.