Circle CEO faces backlash after calling DJ Khaled 'Team USDC'

Crypto Briefing reported controversy erupted in the crypto community after Circle CEO Jeremy Allaire referred to rapper DJ Khaled as 'Team USDC.' DJ Khaled had posted a photo of himself wearing a Chelsea FC jersey sponsored by Circle. Some users pointed to his past promotion of the fraudulent Centra Tech ICO in 2017 and his 2018 settlement with the U.S. SEC over failing to disclose compensation.