The firm sent an open letter to U.S. senators in response to allegations of money laundering and terrorist financing.
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“Let’s be completely clear: Circle does not, directly or indirectly, facilitate or fund Hamas (or any other illegal actors),” the letter reads.
The company said Circle has long made combating illicit financial activity a central tenet of its business.
“Circle has always been an active partner with regulators and law enforcement in the U.S., Israel and other jurisdictions, helping to ensure that our USDC stablecoin is not funding any illegal activity. We have a rich history of cooperation with law enforcement,” the company added.
Circle is also not affiliated with Justin Sun, the company said.
“Neither Sun nor any organization owned or controlled by Sun, including TRON Foundation or Huobi Global, currently have accounts with Circle,” the company added.
In early November, nonprofit ethics group Campaign for Accountability (CfA) sent a letter to the U.S. Senate about Circle and Tron’s alleged flagrant violation of FATF regulations.
Earlier, Israeli law enforcement authorities, amid an escalating military conflict, announced the blocking of Hamas crypto exchange accounts on Binance and the seizure of assets.