[arcticbull]

Have you considered USD? That behaves and yields like a real USD.

[CPLX]

Right but it doesn’t have blockchain.

[csomar]

Is it really hard to figure out that someone going through the hassle of managing a synthetic USD has a very good reason to do?

[arcticbull]

Usually crime, yeah.

BitMEX isn't going through all this trouble and criminal indictment avoiding KYC because people using it are super on the up-and-up and have no problem with validating their identities.

[hnracer]

The large majority of synthetic USD trading is speculation and hedging. It's significantly cheaper to trade synthetic USD than actual BTCUSD, so 100% of traders will prefer that.

[arcticbull]

I'm curious how true that is, 30% of Tether's backing currency was seized for being associated with money laundering.