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102 sats \ 2 replies \ @Cje95 10 Jul \ on: How Tether became money-launderers’ dream currency - The Economist econ
I am a little surprised to see this take. To me anyone who has watched Tether or Circle knows that they can freeze your funds with a snap of their fingers because it is centralized. It isnt something like DAI, a decentralized stablecoin, where one entity could just freeze the funds if they wanted to. After all we have seen both Tether nad Circle freeze funds both tied to hacks directly and others times that it was a "I am not sure but maybe they were part of the hack" funds.
At the end of the day though hard cash esp. the good ol US dollar is by far the most laundered money because paper money is hell hard to track.
Yeah, it felt a lot like the bitcoin mining hit pieces various outlets have published. It's not reporting; it's somebody working on their agenda.