BOLD Stablecoin Launches Without Freeze Function or Admin Keys

๐Ÿ”“ The unfreezeble dollar

By Liquity
Jan 30, 2026, 11:14 AM
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BOLD introduces censorship-resistant stablecoin

A new stablecoin called BOLD has launched with no freeze function, blacklist capability, or admin keys - distinguishing it from major stablecoins like USDC and USDT.​

Key differences:

  • Most stablecoins can freeze user funds
  • Circle has blacklisted ~$100M in USDC across 275+ addresses
  • Tether has frozen over $500M to date
  • USDC addresses were blacklisted during Tornado Cash sanctions

BOLD's approach:

  • Immutable smart contracts prevent fund seizure
  • No ability to pause, censor, or reverse transactions
  • Cannot be altered by developers, banks, or regulators
  • No user identification required

The project positions itself as "sovereign dollar" alternative, arguing that censorship resistance is essential for trust-minimized money.​ This contrasts with existing stablecoins where freeze functions are deliberate features, not bugs.​

Similar projects like SPOT protocol have taken comparable approaches, avoiding centralized control mechanisms that create regulatory vulnerabilities.​

Sources
Read more about Liquity

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