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UST: New Paradigm or Ticking Time Bomb? | Terra Bear vs. Bull
Bankless
Do You Think Centralized Stable Coins Will Be the Long Term Solution?
George: I think centralized stable coins will not be the long term solution for a bunch of reasons, like that their bank accounts can get frozen. And if those products become ky sed, they just become way less relevant, right? George: It's not the case thatit'll get regulated an all go at once. But what' going to happen is, let's say, suddenly, ah, they start freezing balances for from people who didn't pay their taxes,. Governments fined a some from centralized exchanges to people who who didn't declare it on their taxes. That affects everyone else because sudenlyou're like them. When i hold these stables, these this isn't actually
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