Liquid is an algorithmic bank that allows shitcoins.
By the way, tether cannot be confiscated on Liquid.
Discussion
Hmm interesting so tether can only be frozen on which chains? Since it’s run by a federation couldn’t it be confiscated?
Because on other chains, tether is issued with a smart contract in which tether is the administrator and can block funds.
In contrast, on Liquid, it is not a smart contract, but rather another UTXO.
To block them on Liquid, the members of the federation would have to agree, and that is unlikely because not even Blockstream controls the federation; it is the members of the federation themselves who decide on new members, for example.
Blockstream only offers implementation and maintenance services because they use specific hardware.
liquid only has few BTC - GATEWAY is kyc
nobody care about few sats or few BTC - bulk when moves matters
PEG is controlled 20+ industry multi sig before btc > into Adam's private chain so yes FEW small not matters