Regulatory hammer is not the motivating factor here. Both Tether and Circle had freeze function long before regulators showed up. Bc you can literally freeze and seize dollars…
Original source excerpt
Regulatory hammer is not the motivating factor here. Both Tether and Circle had freeze function long before regulators showed up. Bc you can literally freeze and seize dollars from bank accounts. It…
Regulatory hammer is not the motivating factor here. Both Tether and Circle had freeze function long before regulators showed up. Bc you can literally freeze and seize dollars from bank accounts. It’s very easy. The choice is to make it freezable onchain or to let your stablecoin become unbacked when it’s frozen offchain. Unbacked USDT/USDC is worthless so the freeze goes onchain. Duh.
AI context is not available for this statement. The original source can be read independently.