Perhaps the same tech could be used to create a private / anonymous stablecoin without the KYC/AML limitations.
"We explore the feasibility of a (fiat) stablecoin that provides cash-like privacy while enforcing compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulation. Such a privacy-oriented stablecoin solution does not exist today. We demonstrate, based on concepts developed in Gross et al. (2021) in the context of a CBDC, how users can exchange small amounts of value with a (fiat) stablecoin within pre-assigned limits outside the view of third parties, such as banks, central banks, crypto exchanges, regulators, or other parties, in a regulatorily compliant way. "
#monero
#privacy
#stablecoins
#mina