Aztec brings back its wallet zk.money that allows users to privately transfer stablecoins like DAI, USDC, and USDT.
https://decrypt.co/379621/ethereum-privacy-aztec-brings-back-zk-money
While Aztec claims that no admin can freeze individual addresses, it's worth noting that stablecoins and not traditional cryptocurrencies, but rather wrapped versions of fiat with unlimited supply. Tether (USDT) and Circle (USDC) are compliant companies that frequently blacklist addresses, so they can easily freeze all pooled tokens. DAI is a bit more decentralized, but it's partially backed by tokenized real-world assets (Treasury bills) and centralized stablecoins (USDC).
https://thedefiant.io/news/regulation/tether-says-it-helped-freeze-nearly-550-million-in-iran-linked-usdt
In May, Circle froze $12.6 in USDC held in Zama's compliant privacy pool due to a court ruling. As a result, a privacy protocol ramped up its compliance infrastructure.
https://beincrypto.com/circle-freezes-zama-usdc-contract
https://decrypt.co/379621/ethereum-privacy-aztec-brings-back-zk-money
While Aztec claims that no admin can freeze individual addresses, it's worth noting that stablecoins and not traditional cryptocurrencies, but rather wrapped versions of fiat with unlimited supply. Tether (USDT) and Circle (USDC) are compliant companies that frequently blacklist addresses, so they can easily freeze all pooled tokens. DAI is a bit more decentralized, but it's partially backed by tokenized real-world assets (Treasury bills) and centralized stablecoins (USDC).
https://thedefiant.io/news/regulation/tether-says-it-helped-freeze-nearly-550-million-in-iran-linked-usdt
In May, Circle froze $12.6 in USDC held in Zama's compliant privacy pool due to a court ruling. As a result, a privacy protocol ramped up its compliance infrastructure.
https://beincrypto.com/circle-freezes-zama-usdc-contract