idk who needs to hear this but if the government forces USDC to blacklist smart contracts in defi for whatever reasons, every collateralized asset used to borrow the USDC will be locked in the protocol.
it's rai or die.
Even its founders didn't understand it at the beginning. https://twitter.com/ameensol/status/1420048205127946246…
It's actually not *that* complicated, now that we've got months of data to see how it works in practice.