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points by codedokode 5 hours ago | 0 comments

Probably not everyone knows, but USDT has a "black list", and admins can prevent any address holding USDT from spending. The black list is implemented in USDT contract.

So USDT is not truly decentralized and your money can be frozen for any reason or no reason at all.

[–] smoovb 2 hours ago

The U.S. government is the largest beneficiary of this service. More than $2.1 billion in USDT connected to or requested by U.S. authorities out of over $4.4 billion in total illicit USDT freezes globally.

[–] varenc 2 hours ago

It's tethered to the USD. It seems expected that the government in charge of USD is doing the most blacklisting.