[hiq]

What's interesting with most stable coins is that you end up trusting a third-party anyway, so a blockchain or a trustless technology serves no purpose there, if you just trade in this cryptocurrency. Technically (not legally) speaking, the USDT mentioned in the article could be replaced by another token pegged to the USD delivered by a company based in the US and allowing Lebanese clients to transact in it, everything via a regular website and database on which transactions would happen.