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Verilumia

The Daily Verified Briefing

Markets

Circle suspends Tether-backed Heka fund over market concerns

Published 15 July 2026

A federal court in Boston has unsealed documents revealing that Circle Internet Financial, the issuer of the USDC stablecoin, lawfully suspended a major client in late 2023 over suspicions of market manipulation designed to benefit its chief rival, Tether.

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