49 ms·
So if tether or usdcoin freezes an address and that address never gets unfrozen like it looks like will be the case here. Who gets the dollars presumably held b
by throwaway4good 4y ago
So if tether or usdcoin freezes an address and that address never gets unfrozen like it looks like will be the case here. Who gets the dollars presumably held by tether? Is it just left at tether or would tether pay the us treasury?
- coolspot 4y agoNo one gets the dollars until US issues a separate seizure order (by court or judge).
- herendin 4y agoA good question. Freezing is not the same as seizing, and it's not even clear in which countries all those alleged Tether dollars are or in what form they are held If it's true that Tether is based on fractional reserves, then having the US freezing their customers' assets seems helpful for Tether, as they will have more free assets to use
- arlcode 4y agoIf it gets seized due to government action the rightful owners can go to court and may or may not win there. Not very crypto but certainly very real world