Probably not everyone knows, but USDT has a "black list", and admins can prevent any address holding USDT from spending. The black list is implemented in USDT contract.

So USDT is not truly decentralized and your money can be frozen for any reason or no reason at all.

What's the point of even stealing the stablecoins? They're controlled by private companies that can easily freeze them

Am I missing something here? Seems like a waste of time

So they got “only” ~$3 billion

If USDT gets to a frozen list - that means that Tether does not need to comply with requests to convert it into USD? I guess this is very useful for Tether and the other stable coin emitters.

That doesn't sound very decentralised.

Interesting I didn’t know you can block/cancel transactions. Does this have to happen before the new block is minted. or it can happen after, that’s what I’m inclined to think just based off of the word block

Wait, it is decentralized but can be frozen ?

No. You just can't use these platforms. But a knowledgeable hacker will be able to add a transaction tot he blockchain.

Less than half is frozen then?

> About $2.4 billion out of this is already frozen by Circle and Tether. Some of the big ones:

How does freezing crypto work in this context?

Frozen? What are they going to do, fork the blockchain?

Freezing crypto is so disgusting to me I don’t know…

Like the whole point of crypto to me I money without central governance.

I never liked stable coins or the concept of it and it’s mainly a huge fraud, so freezing just adds on top.

I thought crypto was built specifically to prevent these 'freezing' actions? wtf