USDT and USDC blocked 798 wallets containing $428 million, more reason to choose HBD (Decentralized stablecoin)
A news report stated that a combination of 798 wallet addresses containing about $428 million was blocked by the two top stablecoins in the crypto business based on market cap value, I am talking about USDT and USDC. But after further research that I did, because I don't like getting my crypto or any news updates from one news source (site or blog), I like to make my own research and verify any information I am getting from the Internet because some people like to lie a lot, which is why I don't advice anyone to stick to one source for news updates, always verify the information you get from the Internet first before you make any decision based on it, so you don't shoot yourself in the foot or make a very costly decision you will regret later.
What I Found Out And Why You Should Choose HBD Over Any Centralized Stablecoin
Here is what I found out from my research so far, we all know that both USDT and USDC are centralized stablecoins so they are always in line with the dictates of law enforcement or government. As of now USDT has not closed or frozen anyone's account yet but USDC on the other hand has actually frozen and blocked wallets that are linked to Tornado Cash exchange that the government-sanctioned for alleged money laundering on the platform, making it look like centralized stablecoins are to longer safe, so we need decentralized stablecoin like HBD(Hive Backed Dollar) that will not collapse like UST Terra labs Algorithmic stablecoin. Crypto can not continue relying solely on centralized stablecoins, we need more decentralized stablecoins.
As I have said before Tether (USDT) said they are not freezing any wallets yet and they are waiting for the instruction from authorities. This is the problem with any centralized coin or stablecoin the power of centralization will still bring out its ugly head but with HBD Hive's Decentralized stablecoin you won't need to worry about that or any other problem facing centralized stablecoins like Tether that keeps de-pegging all the time. I think this is a chance to make HIVE and HBD global.
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