Stablecoin Censorship Powers Raise Concerns
Major stablecoin issuers continue to exercise significant control over user funds:
- Circle has blacklisted over $100M in USDC across 275+ addresses
- Tether has frozen more than $500M to date
- Recent actions include freezing 32 addresses linked to conflict zones
The SPOT protocol offers an alternative approach:
- No admin keys or pause functions
- Cannot be censored or reversed
- No personal information required
- Immune to regulatory intervention
*Key Insight*: While major stablecoins maintain deliberate control mechanisms, censorship resistance emerges as a crucial feature for trust-minimized financial systems.
