Circle allows legal weapon purchases with USDC…revises terms of service

JH Kim

Summary

Circle has revised its terms of service to allow legal weapon purchases with USDC.
This is interpreted as a sign that the scope of stablecoin payment usage is expanding.
It said this policy change is drawing attention as it aligns with the trend of expanding payment freedoms in the digital dollar ecosystem.

Stablecoin issuer Circle has revised its terms of service to change its policy toward allowing the purchase of firearms and weaponry that are legally obtained.

On the 5th (local time), according to crypto-focused media Cointelegraph, Circle had previously banned all transactions related to firearms, ammunition, explosives, etc., in its prior terms, but in this revision it changed the clause to "only transactions that violate applicable laws are prohibited."

Accordingly, purchases of weapons and equipment within legally permitted limits are now possible, which is seen as a sign that the use of stablecoins for payments is expanding.

Meanwhile, U.S. Senator Cynthia Lummis said, "Circle allowing legal firearm purchases is a measure that respects the constitutionally guaranteed right (Second Amendment)," expressing a positive stance.

This move is drawing attention alongside the Trump administration's recent pro-crypto stance and the trend toward expanding private payment freedoms within the digital dollar ecosystem.