BlocksInform
Recently, over $150 million is frozen. This is not the first time the company froze usdt, actions that once again fanned centralization concerns in the crypto community.
according to blockchain data, tether froze over $150 million worth of usdt on jan. 13. This is not the first time that Tether has frozen funds in this manner, and it has often been a point of contention within the crypto community. We had three addresses blacklisted.
The addresses on the black list are Bloxy. Thanks to intelligent contract coding, tether can freeze, destroy or issue chips at will, as well as blacklist addresses.
Thanks to smart contract coding, Tether has the ability to freeze, destroy or issue tokens at will, as well as blacklist addresses. much of the stablecoin market is composed of centralized stablecoins like usdt and usdc. However, some noted that a considerable amount of dai is supported by usdc and this also presents risks.
But Tether's most controversial aspect remains the support for her offer. With over PTA 76bn in circulation, investors wondered what would happen if its reserves could not account for it. in dec. 2021, tether minted 1 billion usdt on the blockchain.
Tether said she has various assets that account for her circulation. the operations of the network have even caught the attention of the united states commodity futures trading commission, who found no issue with it but did impose a $41 million
Investors and analysts alike want a reliable audit.
The activities of the network even attracted the attention of the United States Commodity Futures Trading Commission, which found no problem but imposed an amount of 41 million dollars. two investors in new york sued the project, complaining that the project had misled investors about its reserves.
Two investors in New York pursued the project, complaining that the project had misled investors about its reserves. Meanwhile, Tether tries to placate the regulators. He announced in November. the firm will have to ensure that it does not irk lawmakers and investors any further, as regulation of stablecoins picks up in major economies.
The company must ensure that it does not further disturb legislators and investors, while the regulation of stabilizers is growing in large economies. The company must ensure that it does not further irritate legislators and investors, while stability regulation is gaining popularity in large economies.
