I can totally see where you're coming from on this, but I think the way users on these countries see it is entirely different—-a couple notes in response:

- Users in these countries already use exchanges like Binance almost like a dollar checking account — this, as you probably know, is far more risky (past AML violations, entirely centralized point of failure, etc.). There's no better or safer alternative at the moment, and these people aren't typically huge fans of the current banks they're using, nor the regulation that they have to deal with.

- We don't have any intention to hide how the product works, or claim that it's a real bank.'Abstraction' in this case means minimizing wallet, key, and asset management during the user flow.

- The stablecoins we're offering (USDC & USDT) are more widely used and known in these countries than in the US. I actually don't even have to explain it to half the folks because they already understand the value prop and are comfortable with them (FWIW, USDC is a fully audited and soon-to-be-public US company).