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They could also use a decentralized stablecoin that doesn't rely on fiat backing, like RAI, if they fear potential regulatory crackdowns on USD-backed stablecoi
by CryptoPunk 5y ago
They could also use a decentralized stablecoin that doesn't rely on fiat backing, like RAI, if they fear potential regulatory crackdowns on USD-backed stablecoin use in their country.
Though so far US government authorities have been supportive of USD-based stablecoin use by people living under repressive anti-US governments, even going as far as facilitating transfers of USDC, via Ethereum, to medical and humanitarian groups in Venezuela: https://www.coindesk.com/circle-usdc-venezuela-airtm https://www.coindesk.com/circle-usdc-venezuela-airtm