Tether, the largest stablecoin issuer, has frozen significant amounts of USDT linked to criminal activities. Its recent freeze of 85,877 USDT highlights the ongoing debate about the centralized control of stablecoins versus the values of decentralization.
Critics argue Tether’s practices may lead to outcomes similar to central bank digital currencies, undermining financial sovereignty. Meanwhile, certain members of the crypto community recognize the importance of Tether’s actions in recovering stolen funds.
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