USDC issuer Circle plans to introduce an on-chain refund mechanism on its institutional-grade blockchain, Arc, to meet the needs of institutional users like banks and treasury teams. This mechanism allows for funds to be escrowed on-chain and arbitrated by authorized parties in cases of fraud or disputes, supporting negotiated refunds or peer-to-peer payments through a 'refund protocol.' Circle stated that this move balances transaction immediacy with compliance, addressing stablecoin regulatory requirements and potentially accelerating the adoption of blockchain payments by traditional financial institutions. (Financefeeds) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=49405