Except you can't get usable fiat out? There needs to be an endpoint distributor of physical cash, SWIFT, or wire transfers of real fiat and those end points ar

Except you can't get usable fiat out? There needs to be an endpoint distributor of physical cash, SWIFT, or wire transfers of real fiat and those end points are subject to regulation just like localbitcoins or ATM machines are subject to regulation. Can you explain how a decenteralized exchange provides USD? abstracted IOU "stable-tokens" like Tether are NOT USD, see the case of Liberty Reserve [1] or [2] [1] https://en.wikipedia.org/wiki/Liberty_Reserve https://en.wikipedia.org/wiki/Liberty_Reserve [2] https://hackernoon.com/the-curious-tale-of-tethers-6b0031eead87 https://hackernoon.com/the-curious-tale-of-tethers-6b0031eea... https://medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330 https://medium.com/@bitfinexed/are-fraudulent-tethers-being-...