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Could Circle cancel the USDC that are locked and issue

new ones to the kava holders?

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yes they could

Skrilla- Автор вопроса
Mikel
yes they could

No lol. I forwarded that to identify the mistake of kava labs.

Skrilla
No lol. I forwarded that to identify the mistake o...

They they can. If USDC chooses to they can blacklist/ freeze the USDC at the origin if that is somehow stuck in a router. They can decide to emit new USDC to be used to compensate desination (Kava) USDC.

Skrilla- Автор вопроса

Let me help you, the usdc in kava is not issued by circle, but by multi. Hence they are fake fancy tokens which kava labs accepted to advertise as usdc.

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