Weekly Roundup 04/05/24 (WSJ attacks Tether, Chris Waller on Stables, Nic’s fight announced) (EP.516)
On The Brink with Castle Island
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Challenges and Double Standards in Stablecoin Transactions
This chapter delves into the moral implications and biases in media coverage regarding stablecoin transactions of Russian arms firms. It highlights the ineffectiveness of sanctions on Russia as they find alternative ways to transact, utilizing small nations as intermediaries. Additionally, it discusses the importance of a regulated market structure for stablecoins and the advantages they offer in tracking illicit activities compared to traditional transactions.
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