Most stablecoins can be paused. Circle has blacklisted nearly $100M in USDC across 275+ addresses, and Tether has frozen more than $500M to date. Ethena’s reliance on centralized exchanges introduces a single point of regulatory failure. It only takes one phone call. These are all deliberate features, not bugs. In contrast, @SPOTprotocol does not have admin keys, a pause function, or the ability to censor or reverse. It cannot be altered or halted by Circle, banks, or us. SPOT doesn’t know your name or address. That’s by design. Censorship resistance is a foundational requirement for trust-minimized money. Because when control exists, it’s eventually used. SPOT can’t be frozen because it was never built to obey.