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A comment on Tether minted most USDT to just 2 firms – Alameda and Cumberland. Parent comment

Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by rafale on Thursday August 12, 2021 @11:48AM (#28157796)
You can send it to any wallet. No KYC needed. You can do so programmatically thru a standardized RPC endpoint. You can send it to smart contracts (i.e. decentralized apps), to borrow against it, leverage it, lend it,... plenty if things to do once the USD makes it into a programmable blockchain.

Still a scam imo.

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Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by pjc50 on Thursday August 12, 2021 @12:36PM (#28158422)
> No KYC needed.

That is a legal opinion not a technical one, and it's far from clear that the enforcement of KYC will be kept off coins forever.

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