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A comment on Binance freezes withdrawals of stablecoin USDC as investors pull $2B. Parent comment

Re:Binance freezes withdrawals of stablecoin USDC as investo... by aeternum on Tuesday December 13, 2022 @02:54PM (#33974761)
For US citizens perhaps, but if you're a Russian citizen or company, the USD in your bank account is now just a worthless database entry.

Just because that weapon hasn't been pointed at some group of US citizens yet doesn't mean it can't in the future.

[ Parent | on HN ]
Re:Binance freezes withdrawals of stablecoin USDC as investo... by hef19898 on Tuesday December 13, 2022 @03:16PM (#33975104)
Maybe, maybe not. In the meanwhile SBF and similar figures are happy to protect your money in crypto assets.
[ Parent | on HN ]
Re:Binance freezes withdrawals of stablecoin USDC as investo... by aeternum on Tuesday December 13, 2022 @06:42PM (#33977957)
Not your keys, not your coins. Those not willing to learn self-custody are definitely better off in USD.
[ Parent | on HN ]