Over the past three years (2023-2025), Tether has reportedly frozen approximately $3.3 billion in assets across its operations. In contrast, Circle—another major stablecoin issuer—froze roughly $109 million during the same period. That's a striking 30× difference. The gap raises questions about divergent compliance approaches: whether it reflects varying regulatory pressures, different risk appetite in enforcement, or fundamentally different operational philosophies between the two largest USDT and USDC issuers respectively. For market participants, such disparities matter—they signal how aggressively each platform monitors and responds to suspicious activity, which indirectly affects liquidity dynamics and trust perceptions in the stablecoin ecosystem.