As long as your funds aren't coming from shady sources, I would call you a normal user 
Yea, it's similar to traditional banking but there are some pros here like you can exchange easily to or from usdt/usdc without kyc (on instant exchanges/dexes — if cexes require kyc), and also no worry even if you convert huge amounts unlike in banks where if it were $10k you'd be asked whereabouts it came, why are you withdrawing, etc
Yea, it's similar to traditional banking but there are some pros here like you can exchange easily to or from usdt/usdc without kyc (on instant exchanges/dexes — if cexes require kyc), and also no worry even if you convert huge amounts unlike in banks where if it were $10k you'd be asked whereabouts it came, why are you withdrawing, etc
Indeed. Tether has only been blacklisting address belonging to criminals. I haven't seen or heard of a case where an average person gets his/her USDT funds frozen for an unknown reason. I know PayPal will do it with his stablecoin (PYUSD), especially when the company uses to freeze or restrict customers' PayPal accounts at will. Stablecoins like USDT and USDC are a much safer bet. If you want to avoid KYC, buy/sell USDT through a DEX. As simple as that.
I wouldn't be surprised if someday the US government requires stablecoin issuers to comply with KYC at the protocol level. That would mean altering the smart contract code that would require users to verify their ID before getting access to it. If this happens, then Tether and other centralized stablecoins will lose ground big time. I'd prefer a decentralized stablecoin anytime because of the benefits it provides. If only DAI had bigger liquidity and an ecosystem as large as USDT's, the majority would've moved to it already. At least we have a choice. Who knows how long will Tether last?
Pretty sure if something like kyc happens to USDT, most exchanges are gonna move to DAI, I have also lots of faith DAI because they have done their home work well [1].
Assuming the worst case scenario and already having preparation for it? I'm sold.
Quote
Physically Resilient: The Endgame Plan assumes that at a point in the future, there will be a severe crackdown on use of RWA in crypto. Anything that can be seized by global powers may be at risk of seizure through legal means. Physically Resilient RWA are real-world assets that cannot easily be seized. A DAO like Maker can retain some level of technical sovereignty over such assets.
[1] https://endgame.makerdao.com/concepts/collateral-breakdown