[tannerbrockwell]

Tether is one of the crypto stable coins that have a blacklist feature that freezes the asset in a wallet to prevent transfer and this is dangerous. What would happen if Tether froze all the centralized exchange's hot and cold wallets? What would happen if they did this to liquidity pools?

[kragen]

I didn't realize that. So basically holding Tether, anywhere, entails the same risks as banking. Except that the guys running your bank are a bunch of grifters with no regulatory oversight. This is going to be a huge disaster.