AUG 11, 2022 • 11 Min Read
Recent news of Tornado Cash being sanctioned by the U.S. Treasury and Circle freezing USDC in addresses belonging to Tornado Cash users has been the talk of the town. And this event has underscored the censorship risk associated with centralized stablecoins as well as the inevitability of stricter regulation. This development reinforces the thesis for decentralized stablecoins — a need that is more pressing than ever.
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