How is that a middle ground? It’s entirely centralized.
replyits middle ground in a sense that it has all centralisation (1) and none of legal accountability (0) so averages at 0.5 (middle ground)
replyIf the company behind USDT can block founds, they will be subject to the law and requested to comply.
reply> Is crypto like USDT really decentralized if they can freeze assets
replyNo.
> I guess it's in some middle ground between banks and true decentralization
Also no. It's the same as a bank in that one party holds your money and can decide to stop you from spending it. Its worse in that its much faster and has no regulation with regards to what is required for them to make that decision, like a legal warrant for example.