Post by @FF777@shitposter.world

2026-04-23 19:44 UTC

@Sovereign@nicecrew.digital @cjd@pkteerium.xyz @DrBtc@nicecrew.digital @jb@nicecrew.digital i looked in to the reason: Tether has frozen two Tron-based wallets holding about $344 million in USDT, marking one of its largest enforcement moves to date. One wallet contained roughly $212.9 million, while the other held $131.3 million. The action was carried out in coordination with the U.S. Office of Foreign Assets Control (OFAC) and other law enforcement agencies as part of ongoing investigations into illicit financial activity. The move reflects Tether’s increasing role in supporting global regulators by blacklisting suspicious funds and tightening oversight of stablecoin flows across blockchain networks. Okay?...... so since they can do this type of thing then in my opinion tether might as well be a CBDC.. fuck that is there any coin that is pegged to the dollar that doesn't have a smart contract that allows them to have centralized control like this? or would it be impossible to keep the price pegged if they didn't have central control over the coin?..

Replies (3)

@Sovereign@nicecrew.digital 2026-04-23 19:46

@FF777@shitposter.world @DrBtc@nicecrew.digital @jb@nicecrew.digital @cjd@pkteerium.xyz This is the double edge sword of "compliance" at all costs. This is why we have to really support projects that have technology that supplements personal sovereignty as much as possible.

Open ##5422523
@Sovereign@nicecrew.digital 2026-04-23 19:48

@FF777@shitposter.world @DrBtc@nicecrew.digital @jb@nicecrew.digital @cjd@pkteerium.xyz The problem with not having a CBDC though is that you have a harder time ensuring that peg. There are plenty of examples of "stable"coins destabilizing and making a bunch of people lose money. Although I fully get the CBDC concerns, most people who beat on that anti-CBDC drum aren't providing solutions to pegged assets losing their peg lol. I'm acknowledging the concerns but also mentioning that just throwing fire on CBDCs doesn't actually bring much to the discussion.

Open ##5422524
@DrBtc@nicecrew.digital 2026-04-23 20:43

Yes that was Terra/luna but back in 2022 it collapsed when the market melted down. It had no physical money backing it up but was an algorithm system to maintain the peg. It entered a death spiral and about $50b got wiped out. So now we're stuck with centralized dollar pegs.

Open ##5422543