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how will they prevent terrorists and child traffickers in Africa from using dollar stablecoins to conduct nefarioius activities?
Why would they? They don't give a hoot about that. Unless the narrative serves their interest, which in this case is doesn't, because dollarizing the world is a bigger interest to serve than control through AML/KYC.
  • "As the world modernizes its payment systems, the U.S. cannot be left behind,” Hagerty said. “Stablecoins can play a pivotal role in spurring that modernization. Whether it’s improving transaction efficiency, freeing up working capital, or driving U.S. Treasury demand, the benefits of a clear regulatory framework for stablecoins are immense.”"
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