Re:Fintech dystopia
by dartharva on Tuesday July 29, 2025 @02:33AM
(#44719795)
Why can they not just use America's banking infrastructure directly instead of using America's banking infrastructure indirectly through meaningless overengineered abstractions like stablecoins?
[ Parent
| on HN ]
I am not an expert but I don’t believe most countries would allow their citizens to use American banking infrastructure, nor would most American banks accept a foreign account. Stablecoins get around these limitations, while also providing lower fees and higher availability.