Stablecoins? They can be freezed? Should i use them and worry?

[fikrett]

The situation is similar to what we have with centralized exchanges. There are great risks involved with using them but they still provide us with a utility so people continue using them. I'd say as long as you are well aware of the risks you are taking and don't have some illusion of safety, that helps you manage your risks in which case it is OK to use these tools be it a CEX or a stable shitcoin.

It's a double edge sword, we think that it's a good investment, or as others have been using them, as a hedge. And then they think that they are safe and can sleep better at night. However, when they woke up the next day, there stable coins has been seized without warning and they can't do anything about it.

And for sure this will continue to matter what, I remember when I was new here, I have heard horror stories here and in reddit that the 3rd party has confiscated their stable coins because of the suspicious on where it originated or where the funds came from.

Although you are totally right and it was said that some cases did really happen, stables are great for staking - of course, the risks of what you described are there, but if the funds that you've got are from a credible source - why should you worry?

[dansus021]

So If i have usdc usdt ?
Can be freezed? Should i use them and worry about ?
Even If my crypto wallet or exchanger not involved in any bad activities so why someone can freeze basicly to steal my money ?
Can they actually freeze i call it stealing my money ? Or it's mostly rumours ?
If so then who have responsebility legally and does there any notice to stablecoins owners ?
Will be some stablecoins more safer then others?
If they don't be trusted don't they are afraid of losing the users.
How often that happens ?
have this happened with you ?
Im sure this topic is still confusing for many members ? 

T be honest i would not take it easy this let's say i have about 3000 USD in stablecoins and they will be just gone for sure i will find wich hand was stealing my funds and making the person counteble If legal ways works because how can we operate If no trust ?

Im trying to answer one by one based on my experience and other people experience
Stablecoins? They can be freezed? Should i use them and worry? The simple answer should you worry is yes

* Any tainted (*illegal activity) USDT or USDC can be freeze in exchange or on-chain.
* They can freeze your money and If I don't mistaken Tether and USDC itself already coded on their smart contract. and this is not rumor since tornado cash is already affected by this
* If your money been tainted for something illegal or something similar then you can appeal it to exchange and tell the source of money
* In reality people are trust with the old stablecoin like USDT and USDC now there are dozen of stablecoin and some user don't believe it with many reason fiat pegged we don't really are they really pegged with one dollar while the algorithm you already know with luna crash
* Stablecoin depeg is happen like everytime when the market really hit is volatility (* crypto is volatile but sometime the market can be shaked really hard)

[Webetcoins]

Exchanges are even bigger issues when it comes to centralized power and how they can freeze your account. Sure USDT can be very dangerous too and that's why I try to have none of it, but exchanges can literally block your account and make up some reason why you broke their rules and keep all your money. Then you can try to sue, but if you live in a different nation, that would be quite tough too, and would cause so much time lost and meanwhile they would profit from this.

Or simply any government could ask them to freeze your account and they will, just not to get in trouble with that government. So all in all, I can easily say they are not going to end up with any trouble, this is going to be a simple issue and I believe they are going to be dangerous in the future, keep your investments out of exchanges.

This is why we have a saying called "not your keys not your money" because if you are not putting your money in a wallet that you own, and not using a coin that is yours and decentralized, then you are going to have trouble. USDT is centralized, and Tether as a company has a right to do whatever they want with it, it is not something that is crypto and decentralized, it is a piece of digital numbers that they are giving you in exchange of saying that is how much you have with them.

Think of it like a bank, people who have a lot of money do not carry them on their wallet, they just put it in a bank, and bank shows on app how much they have digitally instead, and this is why I believe we are going to have something quite similar here as well.