Tether Freezes All OFAC-Sanctioned Wallets in 'Proactive' Security Measure
"ITether framed the move as a voluntary step to "proactively prevent any potential misuse of Tether tokens and enhance security measures," and clarified that existing wallets on the OFAC list would be frozen along with any new wallets added in the future."
https://www.nobsbitcoin.com/tether-freezes-all-ofac-sanctioned-wallets-in/
It's a net gain for them as these tokens are not redeemable anymore, they can keep the underlying USD ?
Anyway synthetic USD through DLCs are much needed for those who want to escape Bitcoin volatility and still keep self custody of funds...
If they can freeze your addresses how is that considered self custody?
You are either completely censorship resistant or censored. There is no in between.
sats are my stable coin
Stablecoins are retarded and ngmi
“Stable coins? Cool! What are they pegged to that makes them so stable?”
I expect some people to try very hard to impose this on US miners.
This is a default, as far as I’m concerned.
Rejoice, citizen! Turns out we had a CBDC all along. 👍🏼
A nice slap in the face to Elizabeth Warren.
