Replying to Avatar Keith Mukai

This feels so weird to have non-kyc, permissionless(ish?) access to Tether.

SideSwap instantly converted my Liquid btc to Liquid Tether with a ~1% spread (effectively a fee).

Nothing being reported to the IRS. Dunno if SideSwap has a limit on how much you can convert.

Regulators will eventually get around to locking US users out of this.
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B.O.P 2y ago 💬 2

Don’t join tether’s OFAC blacklist they’ll shut you off 🤣

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Keith Mukai 2y ago

Yeah, I'd be scared to try to park any real value in USDT. Partially because Tether can rug you/lock you out at any time and partially because of the tax evasion-y-ness of these unreported txs. Just all the wrong sorts of trouble for a US citizen.

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789e4172... 2y ago

Thether can't blacklist an address on Liquid because transactions are confidential. Amount and asset type are hidden. They don't know where L-USDT is on the network.