“tether is the stronghold for us dollar hegemony globally” - paolo ardoino
Discussion
This is pretty awesome positioning they’re able to take.
I don’t know why Citadel and BlackRock and all these other financial institutions are not asking tether how much do you need to move on shore?
Tether's (extremely precarious) independence from US jurisdiction is why it was successful. The survival through the fights over Wells Fargo accounts in Taiwan and the ridiculous aggressions from the NYDFS were the real tests.
Now it's established, it's going the way of all flesh, with more and more blocking and freezing of assets. It will quickly die if and when it implements KYC somehow.
Personally I see Tether as the future of the Eurodollar and USDC being the future of the domestically controlled USD
Selling #USTs via #USD stablecoind to retail was the main strategy from day one. The USD will survive all other shitcoins without problems
None of you seem to understand.
I'm not locked in here with you. You're locked in here with me.
-paolo (probably)
Exactly! Burn it with fire. Stay away from the brain chips freaks.
This might be completely misunderstood by everyone except bitcoiners
What a timeline
🤢
Yes. It's why the best play for US is to adopt as the official USD digital currency, rather than trying to build some cbdc nonsense.
Can't wait for my stablecoin transactions to be blocked because of wrongthink
Tether is non-backed digital money, not much better than the e-euro