I think it's actually very private.
Sure the exchange like fixedfloat or similar may rat you out in the first hop.
But once it enters liquid it's pretty private (assuming that there are more then two users 😂). Even amounts are not visible.
Peg out is basically a mixer, so the only way would be time correlation.
you could (and perhaps should) peg out in random amounts and time intervals.
then coinjoin if you are paranoid like me.
yea i researched it a bunch - does seem quite private and far easier than p2p exchanges. i still prefer the p2p exchanges ideologically - but as a easier option for normies, "buy tether on coinbase, send to Aqua and swap shit around, send to onchain" is super friendly!
the tax implications are still present, but you can have no-kyc btc in cold storage at the end pretty easily.
could send out from Aqua with lightning for an added layer of onion'ing
sure, you can exit via boltz.exchange to lightning too
I think it's better because you bought stable coin, there is no "profit" to tax when you sell tether back.
unfortunately, you shouldn't sell more dollars back then you bought.
