DeFi

On international remittances:

Every year, people send $600B+ in international remittances; or money sent from once country to another, either by an individual, business, or government. 

Remittances operate in an outdated way. A roughly 6% fee. Can stablecoins move the needle forward? 👇🏼

in 3rd world countries, lot of this happens with USDT over tron using binance.

receiver then cashes out OTC locally.

exploring the matrix onchain 🌀 | ops wizard 🪄 | hosting /defi • /the-glyph • /pixelglyphs • /autism


Tron was one of the biggest surprises when I was down in Argentina. 

Definitely made me notice my echo chamber. Excited to watch this evolve

i would not be surprised if money from countries that have USD liquidity issues and inflation, are being moved around like this. laundered or not.

Yes Tron is king in stable coin <> physical cash. The markets are unbelievably tight with high liquidity.

But they are effectively laundering a lot of unaccounted wealth which is a red flag.