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#stablecoin

6 posts5 participants0 posts today
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⚯ Michel de Cryptadamus ⚯

NYT article about Changpeng Zhao’s quest for a presidential pardon. Worth remembering that Trump’s World Liberty Financial has already launched its #stablecoin #USD1 mostly on the Binance blockchain (BNB) and USD1’s usage in decentralized finance is 99% happening on Binance fake decentralized exchanges (PancakeSwap).

Zhao pleaded guilty to laundering money for upstanding groups like terrorists and sellers of child pornography just a few years ago.

* NYT: nytimes.com/2025/08/09/us/poli
* Chart of USD1 DEX usage: x.com/Cryptadamist/status/1953

#CZ#Binance#BNB
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⚯ Michel de Cryptadamus ⚯

Ω🪬Ω
#TheCryptocalypseChronicles: Epstein's Arrest Shook The Blockchain

Jeffrey Epstein's arrest seems to have set off a wave of suspicious crypto payments that have heretofore gone unexamined.

1. The 2nd highest volume day in bitcoin history came a week after Epstein died.

2. #Stablecoin transfer volumes doubled less than 48 hours after Epstein was arrested. In particular #Tether, the stablecoin whose money is managed by Epstein's next door neighbor and #Trump's current Secretary of Commerce, saw on chain volumes skyrocket.

Also there's the matter of a bunch of suspicious deaths among Epstein's crypto circle.

(RTs appreciated)
cryptadamus.substack.com/p/eps

#epsteinfiles#epstein#epsteinCoverup
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⚯ Michel de Cryptadamus ⚯

the arrest of #JeffreyEpstein did amazing things for #stablecoins... average daily on chain volume basically permanently doubled overnight.

this isn’t conclusive but… if we were living in a world where epstein’s arrest suddenly deprived the world of a major money launderer whose customers suddenly found themselves in need of a new provider, and then the provider they chose was #Tether, this is what one would expect the chart to look like…

(also 6 days after #epstein was arrested there was a weird $5 billion issuance of new Tether #USDT tokens followed immediately by a $4.5 billion burn/redemption transaction. I assume that was a fat finger originally intended to mint only $500 million so i stripped it out of the chart… but i will at least note that someone went to issue $5 billion in stablecoins 6 days after epstein’s arrest. i can post that chart if anyone's curious)

data: dune.com/crypto_oracle/epstein

#crypto#cryptocurrency#stablecoin
Alex Jimenez

Bankers are 'very concerned' about #Stablecoin, check fraud

96% of bankers surveyed by the fintech firm IntraFi said they were either "very concerned" or "somewhat concerned" that the GENIUS Act may prompt Amazon or Walmart to offer discounts or rewards to attract deposits away from traditional banks

americanbanker.com/news/banker

Stablecoins have gained traction with the passage of the GENIUS Act.
American Banker · Bankers are 'very concerned' about stablecoins, check fraudBy Kate Berry
#FinTech#FinServ#Banking
Alex Jimenez

Visa CEO McInerney expands on the company's #Stablecoin strategy

Visa has been testing stablecoins on Visa Direct, its instant #Payments scheme and remittance platform, and specifically looking at cross-border transactions where the settlement still has a delay.

americanbanker.com/payments/ne

Visa Signature cards
American Banker · Visa CEO McInerney expands on the company's stablecoin strategyBy Joey Pizzolato
#FinTech#FinServ#Banking
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