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#stablecoin

5 posts5 participants0 posts today
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⚯ Michel de Cryptadamus ⚯

Apparently the #Houthis have been using #Tether's USDT stablecoin to do [whatever], because #OFAC just placed sanctions on a bunch of USDT wallets on #JustinSun's #Tron blockchain that they claim are connected to the Houthis.

Reminder that Justin Sun is Donald Trump's business partner in #WorldLibertyFinancial and #HowardLutnick manages Tether's money, so now you have a situation where Trump & co. are profiting from the same people they are bombing.

The following changes have been made to OFAC's SDN List: ANSARALLAH (a.k.a. ANSAR ALLAH; a.k.a. ANSARULLAH; a.k.a. "HOUTHI GROUP"; a.k.a. "PARTISANS OF GOD"; a.k.a. "SUPPORTERS OF GOD"), Yemen; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886 [FTO] [SDGT]. -to- ANSARALLAH (a.k.a. ANSAR ALLAH; a.k.a. ANSARULLAH; a.k.a. "HOUTHI GROUP"; a.k.a. "PARTISANS OF GOD"; a.k.a. "SUPPORTERS OF GOD"), Yemen; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; Digital Currency Address - USDT TC4VsFHJdZ66BdwobZxkudVZBVmQZgCP65; alt. Digital Currency Address - USDT TQ5mpZPbQMSq2s1vSM3RJgiB1AsTsiTpFZ; alt. Digital Currency Address - USDT TXEaKf4rT3rMoD3VugnuhwrévLq6BL5t33; alt. Digital Currency Address - USDT TGUPpmW2bAnMCLe5ih2CFisfCHk4gTFDsx; alt. Digital Currency Address - USDT TDWN1Eq62bqvVhfGAjdRRJjE46jsiSKNMV; alt. Digital Currency Address - USDT TM6Kix9wH8cYQ4rLpFifsQ4ddH3rPX3f8p; alt. Digital Currency Address - USDT TDprk9jeYPVm6khkBplu7fwuyJcEJFrPWD; alt. Digital Currency Address - USDT TVn4q7L4fKEPbygi7UHq1CKfZxtbeuMV5q [FTO] [SDGT].
#crypto#uspol#eupol
Public
Alex Jimenez

Democrats stall #Stablecoin bill, citing Trump crypto ambitions

Democratic lawmakers want to add language to the bill that would restrict elected officials and high-level government employees from owning and profiting off stablecoin issuers.

americanbanker.com/news/democr

Waters Hill
American Banker · Republicans move stablecoin, other bank bills, out of committeeBy Claire Williams
#FinTech#FinServ#Banking
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⚯ Michel de Cryptadamus ⚯

#TrueUSD, one of the many stablecoins connected to Chinese crypto scammer & Donald Trump business partner #JustinSun, received a half billion dollar bailout from... Justin Sun when it couldn't get its capital out of First Digital, another chinese #moneylaundering company that runs a stablecoin #FDUSD that is used for most trading on #Binance.

> "In September 2024, #TrueCoin and #TrustToken (the #stablecoin's owners before #Techteryx) settled with the #SEC over allegations they falsely marketed TrueUSD as fully dollar-backed while secretly investing reserves in risky offshore funds."

protos.com/justin-sun-bailed-o

#corruption#uspol#asia
Public
Ivan E. Gubkin

Trump’s latest #crypto scheme: New tech, same old #grift

World Liberty Financial is launching a #stablecoin claiming it will provide stability backed by traditional assets, but the venture raises concerns about conflicts of interest and the credibility of its founders. The initiative appears to prioritize profit for the #Trump family rather than genuine innovation in the financial sector, reflecting nothing more than a cash grab.

#Corruption

washingtonpost.com/opinions/20

The Washington Post · Trump’s latest crypto scheme: New tech, same old griftBy Molly Roberts
Public
Alo Japan

alojapan.com/1228231/circle-ex Circle expands USDC adoption in Japan #cryptocurrency #DigitalAssets #expansion #Japan #JapanNews #JapanTopics #news #stablecoin Circle Internet Group, a global financial technology firm, has announced an increased focus on the Japanese market through its subsidiary, Circle Japan KK.   The company is working with local partners to facilitate the adoption of its stablecoin, USD Coin (USDC), as part of wider efforts to integrate digital finance…

Circle expands USDC adoption in Japan
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⚯ Michel de Cryptadamus ⚯

"By 'built in America', I mean 'developed in collaboration w/a Chinese national who was indicted for fraud' (#JustinSun) and then deployed on the Chinese blockchain run by the Chinese company that got hit with a $4.3 billion fine for laundering money for criminals, terrorists, and rogue nuclear states (#Binance) right before that company's CEO was sent to prison".

Hard not to think that #WorldLibertyFinancial's #USD1 is a Chinese enterprise.

@DonaldJTrumplJr Proud to announce WLFI and the launch of USD1. Built in America, backed by real dollars, and designed for everyone. Let’s revolutionize finance together. Quote tweet of @worldlibertyfi - Mar 25 Meet USD1 — the stablecoin your portfolio’s been waiting for. Built for institutions and retail alike. Backed by dollars. Custodied by BitGo. No games. No gimmicks. Just real stability. Show more 7:37 PM - Mar 26, 2025 - 112.8K Views
#stablecoin#stablecoins#WLFI
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⚯ Michel de Cryptadamus ⚯

Trump's #WorldLibertyFinancial has apparently deployed a new stablecoin (#USD1) on the #Binance blockchain (BNB Chain).

World Liberty Financial is a partnership between the Trump family, chinese crypto billionaire and #Tether bro #JustinSun, and Steve Witkoff's family (Witkoff is the guy who is currently Trump's negotiator with #Putin and #Netanyahu).

The upcoming STABLE and GENIUS acts currently working their way through congress are designed to allow people to print their own stablecoins.
bscscan.com/token/0x8d0d000ee4

p.s. i predicted last year that everyone was going to launch a stablecoin and, well, here we are.

Screenshot of BSCscan link
@cryptadamist Replying to @buccocapital October 21st, 2024 i mean, a stablecoin is just an unregulated bank where: 1. customers have no rights 2. you don't have to pay them any interest 3. compliance costs are zero so of course everyone is trying to launch one
#stablecoin#BNB#crypto
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⚯ Michel de Cryptadamus ⚯

According to a report from Dune Analytics #stablecoin activity "on chain" is now more than double that of Visa... and yet it's almost entirely #moneylaundering and speculating on things like FartCoin.

#Tether volume on #JustinSun's blockchain #Tron accounts for almost half of the entire total... and that's pretty much just all money laundering and crime. Recall that Tether's reserves are managed by American Commerce Secretary #HowardLutnick and he owns a stake in the company.

* Report: legacy.www.documentcloud.org/d

As of February 2025, the total stablecoin supply has reached $214 billion, with $35 trillion in transfer volume over the past year. These figures underscore stablecoins’ expanding role in payments, trading, and decentralized finance (DeFi). More notably, institutional adoption is accelerating, with asset managers, payment providers, and financial institutions increasingly exploring stablecoin integration. Despite their rapid growth, stablecoins remain small compared to traditional fiat liquidity. The U.S. M1 money supply stood at $18.4 trillion in January 2025, while the Euro M1 supply was €10.6 trillion, making the stablecoin supply roughly 100 times smaller than the U.S. M1 money supply. However, in transaction volume, stablecoins have already surpassed major payment networks. In 2024, Visa processed $15.7 trillion, while Mastercard handled $9 trillion in Q4 alone. Stablecoin transfer volume more than doubled Visa’s annual throughEut and matched Mastercard’s, reinforcing their significance in financial infrastructure.
#uspol#corruption#crime
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⚯ Michel de Cryptadamus ⚯

Good article in The Prospect about the coming STABLE and GENIUS acts, which will give an implicit bail out guarantee to crypto money laundering firms - sorry, i mean "stablecoins" - like #Tether and #Circle (#Coinbase). One of the two would also let #ElonMusk print his own dollars.

Senate #Democrats like #KirstenGillibrand, #ElissaSlotkin, and #RubenGallego, whose election campaigns were supported by incredible amounts of crypto money, will probably make sure these bills become laws (because they are corrupt).

Note that stablecoins are currently incredibly profitable businesses. After all a stablecoin is basically a bank where you spend nothing on anti-money laundering & other regulations, refuse to assist customers who have been scammed, and collect 5% interest from the US government while passing absolutely none of it on to your customers.

prospect.org/power/2025-03-10-

screenshot of headline
#crypto#senate#uspol
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