One of the fundamental principles behind Bitcoin introduced by Nakamoto is irreversibility. Bitcoin is like cash - if you hand it over, you can only get it back from the recipient if they so choose or are compelled to somehow.
This doesn't work for electronic payment systems, where people expect recourse, or chargebacks.
And yes, stablecoin smart contracts do come with functionality that enables recourse through the freezing of accounts, burning the assets they hold, and reminting to a custodial account.
But no, that won't work if ... well, watch the video to find out.
