Comment by Saline9515

Yes, that's the concept of crypto. Uncensorable transactions. USDT is used in many countries that have capital controls, shoddy banks, or simply no proper payment infrastructure. Stablecoins work on week ends and are settled instantly. It's a superior form of money compared to what your average bank proposes.

And of course that stablecoin providers conduct AML and KYC when you redeem/mint them. It's like complaining that the gold foundries don't control the secondary market for ingots and gold coins.