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John Smith
John Smith
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There is no shortage of the news on stablecoin censorship, in particular blacklisting of Ethereum addresses:

Tether has been blacklisting Ethereum addresses that hold USDT for a couple of years now—this year alone, Tether has blacklisted 24 addresses that hold a total of $5.51 million USDT in summation. [...] Tether has blacklisted a total of 39 out of the 1.47 million Tether addresses that exist, which represents a total of 0.00002% of all tether addresses. When a tether address is blacklisted, it can’t send, receive, or redeem USDT.

Assuming that the said stablecoin issuers are not miners/validators, how are they able to do censor sending and receiving? Does such censorship involve also NFTs, Eth, and other erc-20 tokens? Could similar censorship be done by MakerDao?

There is no shortage of the news on stablecoin censorship, in particular blacklisting of Ethereum addresses:

Tether has been blacklisting Ethereum addresses that hold USDT for a couple of years now—this year alone, Tether has blacklisted 24 addresses that hold a total of $5.51 million USDT in summation. [...] Tether has blacklisted a total of 39 out of the 1.47 million Tether addresses that exist, which represents a total of 0.00002% of all tether addresses. When a tether address is blacklisted, it can’t send, receive, or redeem USDT.

Assuming that the said stablecoin issuers are not miners/validators, how are they able to do censor sending and receiving? Does such censorship involve also NFTs, Eth, and other erc-20 tokens?

There is no shortage of the news on stablecoin censorship, in particular blacklisting of Ethereum addresses:

Tether has been blacklisting Ethereum addresses that hold USDT for a couple of years now—this year alone, Tether has blacklisted 24 addresses that hold a total of $5.51 million USDT in summation. [...] Tether has blacklisted a total of 39 out of the 1.47 million Tether addresses that exist, which represents a total of 0.00002% of all tether addresses. When a tether address is blacklisted, it can’t send, receive, or redeem USDT.

Assuming that the said stablecoin issuers are not miners/validators, how are they able to do censor sending and receiving? Does such censorship involve also NFTs, Eth, and other erc-20 tokens? Could similar censorship be done by MakerDao?

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John Smith
John Smith
  • 135
  • 4

How is it possible for Centre and the like to blacklist Ethereum addresses when they themselves are not miners/validators?

There is no shortage of the news on stablecoin censorship, in particular blacklisting of Ethereum addresses:

Tether has been blacklisting Ethereum addresses that hold USDT for a couple of years now—this year alone, Tether has blacklisted 24 addresses that hold a total of $5.51 million USDT in summation. [...] Tether has blacklisted a total of 39 out of the 1.47 million Tether addresses that exist, which represents a total of 0.00002% of all tether addresses. When a tether address is blacklisted, it can’t send, receive, or redeem USDT.

Assuming that the said stablecoin issuers are not miners/validators, how are they able to do censor sending and receiving? Does such censorship involve also NFTs, Eth, and other erc-20 tokens?