2min chapter

Crypto Critics' Corner cover image

Prime Trust, TrueUSD, and Offshore Finance (Feat. Jonathan Reiter and Patrick Tan)

Crypto Critics' Corner

CHAPTER

How to Evade Capital Controls

Tether on their own website says USDT provides an alternative that allows entities and individuals to circumvent capital controls by utilizing an entirely different financial infrastructure. This has been the marketing for a lot of these types of products. You can imagine situations where certain governments would look kindly on helping dissidents in a place they don't like. But they're not going to look kindly on some of the other users.

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