Tether blocked three Ethereum addresses from using their $USDT yesterday, again raising a debate about decentralization and the need for alternatives.
Tether has added three more Ethereum addresses, holding more $150 million worth of the USDT stablecoin between them, to its blacklist.
As a centralized company, Tether is able to blacklist addresses it believes are involved in crime, money laundering — or for any other reason it chooses. This is the first time Tether has blacklisted an address in 2022 but it added 312 addresses to the blacklist last year and has added 563 all up since it first did so on Nov. 28, 2017.
Tether has not revealed why the three new addresses were blacklisted, however it has used its power to blacklist addresses involved in cyber attacks and law enforcement investigations. Following the Kucoin hack in Sep.
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