Stablecoins have a lot of shortcomings, but the vast majority of people who complain about the existence of stablecoins themselves have dollar or euro bank accounts and thus aren’t the target user a...
In Brazil people who buy and sell gadgets from China (special “alternative” markets) are using and accepting USDT, as is easy to transfer to China. 😂 It’s good for them because the shop owner, who keep the value in the same currency they pay for instead of keep in BRL, then convert to USD and pay an international currency transfer and be subjected to bureaucracy and AML regulations…
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