Surprised by $100,000 funds freeze?

By lioha369 | 1minRead | 10 Jul 2020


Today, there was a lot of noise around the blocking of the $ 100,000 stablecoin USDC account. Following up with another piece of news, Tether has already blocked $ 5.51 million in USDT this year.

The developers of the stablecoin USDC blocked the client's address from $ 100'000 and the Consortium Center for the first time added the Ethereum user's account to the blacklist. (ihodl)

All the noise has risen due to how the cryptocurrency wallets can be blocked in this way?

For some reason, everyone forgot that stablecoins issued by private companies have this function. The presence of such an option for them is the key for the work permit.

Therefore, USDT, USDC, etc. are called cryptocurrencies, but in reality they are not much different from a bank account. Just keep that in mind ...

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lioha369
lioha369

Crypto enthusiast. Not an advisor. Sharing my thoughts.


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