Stablecoins

And where do you cash them out? At Tether’s Bahamas office?

(+) Note: must be a non-US person, minimum transaction $101,000

Stablecoins are great. Personally I recommend USD.

How exactly will you turn 1USD into 1USDT or 1USDC or vice-versa without opening an account with a centralized exchange?

$10-100K: You can P2P your way through your local discord channel, paxful or gift cards.

$100K-$1m: At this point, you are looking at a heavily regulated exchange or an OTC trader. Those exists (ie: Gemini).

$1m+: Deal OTC directly with an "exchanger" that has a banking license. (There is one in WY)

At <$100K, what is the %loss due to fraud?