2026-01-12 06:23:06

Recently, a phenomenon worth noting—Tether froze over $182 million worth of USDT within 24 hours, involving five wallets on the Tron chain. It seems that many people have realized that although cryptocurrencies claim to be decentralized, stablecoins are actually highly centralized. Tether can directly freeze funds at the smart contract level and often cooperates with US law enforcement agencies.

The data is even more interesting. By the end of 2025, stablecoins accounted for 84% of illegal transactions. Moreover, from 2023 to 2025, Tether directly froze about $3.3 billion in assets, with 7,268 wallet addresses on the blacklist. Despite this, the market capitalization of USDT remains at $187 billion, accounting for about 60% of the entire stablecoin market. This contradictory phenomenon is indeed worth pondering—the ongoing tension between market choices and regulatory needs.

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MevTears

· 12h ago

Decentralization? Laughing out loud, Tether gets exposed as soon as it's frozen I just want to know, how can a market cap of 187 billion still be hard to hold onto? How stable does this business have to be? Frozen assets of 3.3 billion still hold 60% market share, truly impressive Regulators' guns are always aimed at the underlying users, why is Tether okay? This is the reality, decentralization is just a slogan, money is the real truth 84% of illegal transactions use USDT... the industry should reflect on this If this continues, what stability do stablecoins really have?

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ApeWithAPlan

· 01-13 06:29

Decentralization? Laughable. USDT is just a central bank disguised as blockchain. No one runs away even when Tether freezes such a large amount of money, showing that everyone has already accepted it. 3.3 billion in assets frozen, yet the market cap can still hold up, which is outrageous. The US can freeze assets at will—this is not what crypto freedom is about. 84% of stablecoins are used for money laundering, no wonder the US is watching Tether every day. USDT with a market cap of 187 billion is actually a collective compromised lie. With such a high proportion of illegal transactions, why is the crypto industry still using it? Tether is the tumor of the crypto world, yet no one dares to abandon it. 7268 addresses on the blacklist—feeling like it’s only a matter of time before it’s our turn. Decentralization? Isn’t this just Bank 2.0?

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ChainChef

· 01-12 06:48

ngl the irony here is *chef's kiss* - tether literally seasoning their stablecoins with regulatory compliance while we all pretend decentralization is still on the menu, 33 billion frozen and they're still the main ingredient in this market recipe...

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CryptoSourGrape

· 01-12 06:48

If only I hadn't trusted the decentralization narrative so much back then, now I understand with USDT being frozen... --- 3.3 billion USD frozen but still holding the number one spot, this deal is truly brilliant --- Ah, if I had known Tether was so solid, I would have gone all in directly. Now I regret it to death --- Decentralization? Laughable, Tether can control the entire market with just one finger, we're all just acting --- 7268 wallets blacklisted, I just want to know how many people are innocent... Never mind, it's useless to say it out loud --- 84% of illegal transactions are USDT, this data is really shocking, I feel like holding coins has become a bit unclean --- If I had seen through this centralized trick earlier, I wouldn't have been cut so many times --- Tether freezing assets = regulation, regulation comes = coin price plummets, I really can't understand this logic... --- Market cap still at 187 billion? It shows everyone knows about this but no one cares. I just wonder if this counts as blatant sarcasm

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