If you could please elaborate, for the free curious spirits of HN.
Crypto has brought good in underdeveloped countries like Venezuela and Argentina. Venezuelans use USDT to purchase real, physical goods. Sometimes groceries.
Crypto has brought good in underdeveloped countries like Venezuela and Argentina. Venezuelans use USDT to purchase real, physical goods. Sometimes groceries.
But besides all that, I think it's criminal to leave people in underdeveloped countries at the whims of unaccountable central-bank-style institutions like USDT. What will proponents of this crap say if/when USDT collapses? "They knew the risks"? Is the "crypto community" going to bail out people who invested their life savings in this garbage[2]?
[1] https://www.chainalysis.com/blog/latin-america-cryptocurrenc...
[2] https://old.reddit.com/r/AxieInfinity/comments/10ovcoo/lost_...