The on-chain record
of stablecoin
censorship.
Every freeze and unfreeze, tracked the moment it happens. No obfuscation. No delay.
Combined Frozen
$0
across USDC and USDT
USDC
$0
USDT
$0
Wallets ever frozen
0
USDC
$0
frozen
Wallets blacklisted
0
USDT
$0
frozen
Wallets blacklisted
0
Is this wallet blacklisted?
Paste any Ethereum address to check its freeze history across USDC and USDT.
Stablecoins come with
a kill switch.
Unlike ETH or BTC, USDC and USDT are issued by private companies — Circle and Tether — who retain privileged access to their smart contracts. That means any wallet holding these tokens can be frozen unilaterally, at any time.
One transaction
The issuer broadcasts a single on-chain call — no court order, no notice to the holder.
Instant effect
The moment the block confirms, the address cannot send or receive that token. The balance is visible but unmovable.
No recourse on-chain
The freeze is enforced at the smart-contract level. No tool or wallet can override it — only the issuer can unfreeze.
Any address, anywhere
It applies globally — any wallet on Ethereum holding USDC or USDT is subject to this power, regardless of jurisdiction.
Freeze sequence
Issuer Admin Key
Circle / Tether
0x3f5CE5FBFe3E9af…C43
$48,200 USDC
0x7a250d5630B4cF…8C9
$12,000 USDT
Latest Freeze Events
Real-time blacklist activity across all stablecoins
Frozen Supply Over Time
Cumulative USD value of frozen stablecoin balances
Values in USD millions (M). Cumulative total since genesis. Data from Ethereum mainnet.
Top Frozen Wallets
Highest-value wallets ever blacklisted
Understanding Stablecoin Freezing
Not your keys, not your coins — but also: not just that. Even if you hold USDC or USDT in your own wallet, it can be frozen.
What is stablecoin freezing?
USDC and USDT are centrally controlled. Their issuers — Circle and Tether — hold master keys that can instantly blacklist any Ethereum address, making all tokens at that address permanently unmovable. This power has been used hundreds of times at the request of law enforcement, regulators, and in response to hacks.
Who gets blacklisted?
Addresses are typically blacklisted due to sanctions violations (OFAC), links to hacks or exploits, court orders, fraud investigations, or AML/KYC failures. Both Circle and Tether comply with law enforcement requests globally, meaning any government with leverage over these companies can trigger a freeze.
Why does this matter?
Stablecoins are the backbone of DeFi — but they carry a hidden centralisation risk that most users don't think about. If a protocol's treasury, smart contract, or user wallet is blacklisted, those funds are gone forever with no recourse. FreezeWatch exists to make this risk visible, auditable, and understood.
Quick Facts
Is your wallet blacklisted?
Check any Ethereum address against the full USDC and USDT blacklists instantly.