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Because the stable coin provider lives in web3, and so is distributed over the whole world. So in case of UST, as long as the Terra network is up, your coins a
by koonsolo 5y ago
Because the stable coin provider lives in web3, and so is distributed over the whole world.
So in case of UST, as long as the Terra network is up, your coins are there.
What would it take for a government to take down the Terra network? I guess more than what it takes to take down the BitTorrent network. And last time I checked, I can still download any movie on there.
So a government being able to confiscate a wallet on a blockchain, seems very unlikely if you protect it well.