1/ The company behind USDC announced that it is doing away with individual minting accounts. This means only businesses and, more importantly, institutions will have the sole responsibility.
2/ There is speculation as to what is behind the move. My view is this is handing control of money creation right back to Wall Street, i.e banks. It is also likely a preview into what regulation will entail.
3/ Algorithmic stablecoins will be banned from exchanges. This point was rather obvious. We are also likely to get the banning of individual minting under anything that is passed. This means control is lost by the masses.
4/ HBD is once again an oasis. It cannot be controlled by any regulation since the counterparty is the blockchain. This is also not run by any single node operator that can be targeted.
1/ The company behind USDC announced that it is doing away with individual minting accounts. This means only businesses and, more importantly, institutions will have the sole responsibility.
2/ There is speculation as to what is behind the move. My view is this is handing control of money creation right back to Wall Street, i.e banks. It is also likely a preview into what regulation will entail.
3/ Algorithmic stablecoins will be banned from exchanges. This point was rather obvious. We are also likely to get the banning of individual minting under anything that is passed. This means control is lost by the masses.
To read full article:
https://inleo.io/@taskmaster4450/circles-move-shows-why-the-world-needs-hbd
4/ HBD is once again an oasis. It cannot be controlled by any regulation since the counterparty is the blockchain. This is also not run by any single node operator that can be targeted.
5/ This means that HBD is the counter to what entities like Circle will be doing. It is crucial that we keep expanding all areas of this coin.
please send more HBD