Circle Welcomes DJ Khaled to 'Team USDC' and Crypto Twitter Is Furious
60-second summary
Circle announces DJ Khaled joins “Team USDC,” sparking backlash as users unearth his 2018 SEC settlement for promoting a crypto fraud; despite no formal sponsorship claim, the revelation fuels criticism. The controversy highlights reputational risks for stablecoin issuers, prompting investors to scrutinize partnerships and potentially dampening USDC’s adoption momentum as Bitcoin and Ether prices wobble.
Nothing in Circle's posts announces a sponsorship, but replies dug up Khaled's 2018 SEC settlement over a crypto fraud he promoted. The internet never forgets.