Tether and Circle hold master keys to their smart contracts, meaning any USDT or USDC wallet can be frozen with a single on-chain call, no notice, no appeal. Over $3.7B is now permanently immobile across Ethereum and TRON. Tether blacklisted 7,268 addresses, Circle just 372.
The GENIUS Act (signed July 2025) now legally mandates all US stablecoin issuers maintain this freeze capability. 👇
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