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Pornhub uses the Tether stablecoin (USDT) operating on the Ethereum and Tron blockchains as a valid payment option https://cointelegraph.com/news/pornhub-adds-t

Pornhub uses the Tether stablecoin (USDT) operating on the Ethereum and Tron blockchains as a valid payment option https://cointelegraph.com/news/pornhub-adds-tether-stablecoin-as-new-crypto-payment-option https://cointelegraph.com/news/pornhub-adds-tether-stablecoi... One of cryptocurrencies' core use cases is uncensorable payments for vendors shut out of the mainstream financial system.

renewiltord 6y ago
Doesn't this just make this a problem of converting USDT to USD at some point? Any guy who offers that feature as scale is likely to fall into the same problem.
- seibelj 6y ago
  Many ways to do that, including OTC desks that can do a big lump sum conversion at once. Retail can use a multitude of exchanges.
  - renewiltord 6y ago
    Right, I just don't understand how this doesn't just become a problem for the exchanges at that point. Right now they're too small to be on the radar.
    - seibelj 6y ago
      For how "small" they are, the amount of attention they attract from regulators, and the intense focus on regulating Bitcoin and similar, shows the powers are very aware of the risk to their monopoly.