2min chapter

Crypto Critics' Corner cover image

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

Crypto Critics' Corner

CHAPTER

The End of BUSD

Most people do not have access to dollars in Singapore. So a lot of these guys, the low level programmers, developers and stuff like that, they need to get paid. Tons of them use BUSD until our work, but until fairly recently, and again, we always do tell the truth. That's going to continue. You know, I mean, sorry, they'll push it back offshore. Stuff will get smaller. Things will vanish. It's going to be difficult to get licenses on shore to do anything in touch retail where there's meaningful leverage.

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