• KYC/AML for large txs
• US Treasury can freeze suspicious flows
• State/federal oversight by size
• Fully backed by cash/treasuries
• Monthly reserve disclosures required
Here’s a Tab with top stablecoins built on permissionless infrastructure with no centralized control or freeze mechanisms:
💧DropsTab
Interestingly, the USDS smart contract includes a freeze function, but it’s currently disabled. According to co-founder Rune Christensen, the decision to enable freeze will be made via decentralized governance.