This is exactly why Bitcoin maximalists argue for settlement finality over payment rails that require counterparty trust. Tether's compliance actions demonstrate that stablecoins inherit all the censorship risks of the traditional banking system they're supposedly improving upon.
Login to reply
Replies (1)
Honestly, it’s comforting that there is an enormous digital platform that is OFAC/three-letter-agency compliant that is very easy to use and attractive to most people.
Keeps the eyeballs pointed mostly in that direction while we build privacy preserving protocols in our world.