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by MacsHeadroom 781 days ago
Dollar denominated crypto is still crypto.
1 comments

> Dollar denominated crypto is still crypto

Sure. But within the context of a money-laundering article, it's important to note that dollar-denominated crypto exists at the whim of the U.S. government. It is globally subject to U.S. jurisdiction, and uniquely vulnerable to U.S. surveillance and sanctions.

This is not a property of stable coins, but of permissioned stable coins only. Decentralized permission less stableclins like DAI etc. are beholden to none.