“USDT works much better outside of the U.S.,” he said. “In the U.S., there are 15 different transport layers for the U.S. dollar. You have banks, credit cards, debit cards. You have Venmo, PayPal, Cash App, and many others … But who needs a dollar?”
Key Takeaways
The legislation defines crypto as a commodity rather than a security and excludes payment tokens from being considered investment contracts.
The regulator will also supervise...
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya...
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