Concerns About Adding Centralized Stablecoins

We know that stablecoins like USDC and USDT can be frozen at the request of governments or other entities. My question is: what would happen if a criminal deposited USDC on Namada and the issuer later froze those tokens on Noble?

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That’s a very good question and a very serious concern.

Circle would need to freeze all or none of Namada’s USDC deposits