1 sat \ 1 reply \ @SatsMate 31 Jul \ on: The Interesting Case for the US to Greenlight Dollar Pegged Stablecoins econ
I'm not a fan of pegged stablecoins... As we saw with Tether over the past couple of years they froze several OFAC-sanctioned addresses because the government wanted them to.
Let's call a stablecoin what it is at best: A Fiat Currency, and at worst, a CBDC.
I mean to be fair a lot of the frozen addresses were either contained stolen funds or linked to terror/crime groups so I am not to bothered about it because Tether makes the final call not the government. The government can already freeze my stuff and track my crypto so we kinda sol on that front
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