Quote from: Orange89 on May 29, 2025, 04:48:41 PM

i used to think stablecoin like usdc are safe but now it is clear if someóne had controlled they can froze it anytime
no matter how big the amount is or where its stored

i get that thEre was the court order & some serious accusation
but it still feel thr strange that one company can just lock million like flipping a switch funny

make me think twice about holding anything in centralized
Although decentralized really does mean more freedom in cases like this

curious if anyone here still trusts usdc after this or is it time to move away

Safe how and from whom? And why did you thought that?

They are only allowed to operate because they are complying with regulators. Also what's the funny angle? How this would differ from any other financial institute working inside same jurisdiction area.
Are you completely moving away from fiat money as well? Because it's same thing as tokens pegged to that fiat money. One would think it has it's benefits when paying rent and literally everything in life.

But obviously you can try to opt out, i mean people have done that in the past to some extent. You are still going to live inside your centralized houses and centralized governments.