Circle explores ‘reversible’ transactions involving tokens, FT reports

Stablecoin issuer Circle is evaluating ways to make it possible to reverse transactions involving its tokens as refunds in cases of fraud or disputes could help stablecoins become more mainstream, the Financial Times’ David Keohane, Sasha Ginsberg and Philip Stafford report, citing Circle president Heath Tarbert. “We are thinking through…whether or not there’s the possibility of reversibility of transactions, right, but at the same time, we want settlement finality,” Tarbert said. “So there’s an inherent tension there between being able to transfer something immediately, but having it be irrevocable.”