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max
@bet
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 Remittances operate in an outdated way.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? 👇🏼
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Rani
@4484
in 3rd world countries, lot of this happens with USDT over tron using binance. receiver then cashes out OTC locally.
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Prash 🎩
@prash
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.
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Rani
@4484
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.
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