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Yes - countries with capital controls and/or corruption problems make life harder in many ways. But I'm not sure I understand why stablecoins make that any less
by tomatocracy 4y ago
Yes - countries with capital controls and/or corruption problems make life harder in many ways. But I'm not sure I understand why stablecoins make that any less of a problem when compared with holding USD in a US based account - unless the point is to avoid AML/KYC requirements.
Same for larger amounts and sending money internationally - I've done both quite frequently, and it's much cheaper to do than using crypto would be.
- rglullis 4y agoIn a global economy, it is a lot easier to acquire/transact/hold stable tokens than actual USD, that is the point. If all you care about is the developed bubble, crypto makes little sense.
- lottin 4y ago> unless the point is to avoid AML/KYC requirements That's the entire raison d'etre of these stablecoins.