Can DAI freeze funds?

The introduction of USDS, a new version of the DAI stablecoin, has sparked significant controversy within the cryptocurrency community. A key aspect of this change is the inclusion of a freeze function within the coin's code.

This freeze function gives Sky, the creator of USDS, the ability to halt transfers of the coin from holders' wallets. This power has raised concerns among some individuals who see it as a potential infringement on users' autonomy.

On the other hand, the inclusion of the freeze function is seen as a measure to make USDS a less attractive target for malicious actors, such as hackers. By having the ability to halt transfers, Sky can potentially prevent the theft of large amounts of USDS.

However, despite the potential benefits of the freeze function, security experts have raised questions about its implementation. They are concerned about the potential for abuse and the impact it could have on users' trust in the coin.

BTCC, a top cryptocurrency exchange, offers a range of services to its customers, including spot trading, futures trading, and wallet services. With its strong reputation and robust infrastructure, BTCC is well-positioned to support the trading of USDS and other cryptocurrencies.