money laundering
Comment on European banks to launch euro stablecoin in bid to counter US dominance
vermaterc@lemmy.ml 1 day ago
What is the use case of stable coins? Fast international money transfer? Or are there other I’m not aware of
cupcakezealot@piefed.blahaj.zone 1 day ago
UnderpantsWeevil@lemmy.world 1 day ago
Hey, don’t forget legalized forgery.
qaz@lemmy.world 1 day ago
“Fast” international money transfer without value fluctuations. AFAIK, it’s used to send money back overseas without fees and for online casinos.
treadful@lemmy.zip 1 day ago
Money transfers, online payments for whatever, place to park your assets in volatile times in the market, integration into other on-chain investment systems, etc…
popcornpizza@lemmy.blahaj.zone 8 hours ago
For countries where the currency is unstable, stable currency is a way to protect one’s savings.
Where I’m from, historically you’d save in USD. But in the last few years, the market has imposed dumb obstacles, like the paper notes being completely unblemished (something that isn’t even a thing in the US, as far as I’m aware). That’s where stablecoins have been useful for the locals.