Re: Stablecoins? They can be freezed? Should i use them and worry?
So If i have usdc usdt ?
Can be freezed? Should i use them and worry about ?
Even If my crypto wallet or exchanger not involved in any bad activities so why someone can freeze basicly to steal my money ?
Can they actually freeze i call it stealing my money ? Or it's mostly rumours ?
If so then who have responsebility legally and does there any notice to stablecoins owners ?
Will be some stablecoins more safer then others?
If they don't be trusted don't they are afraid of losing the users.
How often that happens ?
have this happened with you ?
Im sure this topic is still confusing for many members ?
T be honest i would not take it easy this let's say i have about 3000 USD in stablecoins and they will be just gone for sure i will find wich hand was stealing my funds and making the person counteble If legal ways works because how can we operate If no trust ?
Can be freezed? Should i use them and worry about ?
Even If my crypto wallet or exchanger not involved in any bad activities so why someone can freeze basicly to steal my money ?
Can they actually freeze i call it stealing my money ? Or it's mostly rumours ?
If so then who have responsebility legally and does there any notice to stablecoins owners ?
Will be some stablecoins more safer then others?
If they don't be trusted don't they are afraid of losing the users.
How often that happens ?
have this happened with you ?
Im sure this topic is still confusing for many members ?
T be honest i would not take it easy this let's say i have about 3000 USD in stablecoins and they will be just gone for sure i will find wich hand was stealing my funds and making the person counteble If legal ways works because how can we operate If no trust ?
Of course they can be frozen. Basically any centralized stablecoin can be subject to censorship. Only decentralized stablecoins provide true freedom. I'm talking about DAI and the likes. Centralized stablecoins like USDT and USDC have a blacklist where the issuer can "freeze" a certain wallet address if it's flagged as suspicious. Usually, criminals who use stablecoins for money laundering, tax evasion, and terrorist financing. For the average person, there would be nothing to worry about.
This is expected from stablecoins that are subject to regulatory scrutiny. Just like banks. If you're paranoid, use DAI or one of the few other decentralized stablecoins on the market. Even so, you should keep in mind there's nothing 100% safe in this world. Diversification is the key towards minimizing risks as much as possible.
