Circle will not support consumer accounts minting stablecoins

Stablecoin issuer Circle said, "Circle is phasing out support for traditional consumer accounts and has notified individual consumers of this decision. The account closure does not apply to commercial or institutional Circle Mint accounts." Circle sent out an email on Tuesday announcing that it will end support for zero-balance consumer accounts on November 30. The move means that users looking to mint Circle stablecoins such as USDC and EURC will need to turn to other platforms. Tether still supports individual consumer accounts, but the minimum limit is $100,000. (The Block)