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+ "ZachXBT publicly criticised Circle for not freezing the stolen USDC during the bridge" calling for this, when the whole concept is to avoid government contr
by rvnx 7mo ago
+ "ZachXBT publicly criticised Circle for not freezing the stolen USDC during the bridge"
calling for this, when the whole concept is to avoid government control
- haakon 7mo agoBacked stablecoins aren't some anarchistic anti-government thing; they are highly regulated and will lose access to their banking if they don't follow the rules – rules which require them to freeze coins in cases of crime. If you want to show a middle finger to government there are cryptocurrencies for that, but USD stablecoins with centralized backing is not it.