Post
Topic
Board Politics & Society
Re: Circle freezes USDC wallet asociated to president Milei's $LIBRA scandal
by
cryptotact11
on 30/05/2025, 21:17:57 UTC
Has anyone gotten arrested for what happened with LIBRA? We have yet to get a full overview of who is to blame?

- CIRCLE can freeze any wallet whenever they want.
All stablecoins are like this and almost all tokens on these alleged decentralized chains. But in reality, they are much worse than banks. Circle can freeze you without a real reason, and so can any token issuer. The only reason why they do not do it is to preserve the trust in their token, but that is not a good thing as long as they can do it whenever they want. Maybe you can fight it legally afterwards, but you can't call any of this even a bit decentralized.