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Yes, that's the concept of crypto. Uncensorable transactions. USDT is used in many countries that have capital controls, shoddy banks, or simply no proper payment infrastructure. Stablecoins work on week ends and are settled instantly. It's a superior form of money compared to what your average bank proposes.

And of course that stablecoin providers conduct AML and KYC when you redeem/mint them. It's like complaining that the gold foundries don't control the secondary market for ingots and gold coins.




Selectively censorable. Tether has the ability to freeze any address, and has been making use of it for quite a while now.




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