This comment is misinformed; if the asset lies your non custodial wallet, only Circle can blacklist your USDC funds. So far Circle has mostly only frozen funds

This comment is misinformed; if the asset lies your non custodial wallet, only Circle can blacklist your USDC funds. So far Circle has mostly only frozen funds related to government sanctions. Users are free to exchange the funds to DAI which cannot be frozen by a centralized issuer.