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> - Someone lives somewhere that the U.S refuses to bank with We are already starting to see this with Venezuela. The easiest way to get USD equivalents to cer
by cdiddy2 6y ago
> - Someone lives somewhere that the U.S refuses to bank with
We are already starting to see this with Venezuela. The easiest way to get USD equivalents to certain people there is via USDC, which is being worked on with the Treasury Department and Federal Reserve.
"According to the company’s blog post, the Treasury Department and the Federal Reserve deposit funds seized by the U.S. into a bank account in the U.S. tied to the Guaidó government, which converts the funds into USDC that Circle then sends to Airtm." - https://www.coindesk.com/circle-usdc-venezuela-airtm https://www.coindesk.com/circle-usdc-venezuela-airtm