Part 8/10:
Despite the potentials of Halala, certain limitations persist. Even if transactions evade freezing mechanisms, the underpinnings—such as collateral for stablecoins like USDC—remain susceptible to government intervention. Historical precedents, like the freezing of wallets associated with the Tornado Cash incident, highlight the fragility of relying solely on regulated structures.
Furthermore, the volatility of cryptocurrencies like Monero can deter long-term holding, pushing operators to prefer stablecoins tied to fiat currencies. The problem remains: a true censorship-resistant stablecoin currently does not exist.