US backed stablecoins are CDBCs by another name: private, yes, but centralized and programmable. The controllers cooperate 100% with the government allowing the U.S. to skirt around privacy laws. Tether, the favored coin, froze 32 wallets last October, next month they froze $225 million. All other crypto except Bitcoin can be abused in this manner.
US backed stablecoins are CDBCs by another name: private, yes, but centralized and programmable. The controllers cooperate 100% with the government allowing the U.S. to skirt around privacy laws. Tether, the favored coin, froze 32 wallets last October, next month they froze $225 million. All other crypto except Bitcoin can be abused in this manner.