Reminder: Tether (and some other stable coins) can freeze your tokens

Just a reminder that Tether (USDT), Circle (USDC) and a few other centralized Stablecoins are able and willing to freeze funds within your own wallet at the request of government officials. USDC and USDT have a combined market cap of 110 Billion

Last year, with FTX and Tornado Cash, we saw how we are truly at mercy of these centralized organization. Tether froze 46 Million USD in relations to the FTX drama, and Circle froze 75k with Tornado Cash.

Although these were widely reported incidents, they are not isolated events. Both were done at request by law enforcement, and such activity has been repeated again when concerning suspicious wallets.

What I am trying to do is to remind us that USDT and USDC (targets because they are the largest), are worth a combined market cap of 110 Billion, while having the ability to freeze any funds they want at any time. personally, I find this quite terrifying. If they decided to, they would have the ability to tank the market cap of crypto by 110 Billion, while hurting millions of investors.

At the same time, there is a number of stablecoins that do not have the ability to freeze your funds. I am not going to mention examples, as I do not want to shill any specific Stablecoins, but there are a number of reputable coins that cannot freeze your funds. Personally, I think that having so much money in a stablecoin able to be frozen at any time is scary

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What do you guys think? Is the risk acceptable? Or should we move onto less regulated stable coins?