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ngl you are not wrong, I've never thought of it like that. Is there an argument that it can never really be regulated? sure if the US gov stops circle from buying treasury bills & you cant get a stable usd, whats stopping you from pegging it to another currency like a yen, pound, euro etc or gold, silver etc

I think it is useful and is here to stay

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It's entirely at the whim of the US government whether they allow non-KYC foreign people to have USDC accounts.

Right now they say USDC:Yes and USD:No. They could easily say yes or no to either one at any time. Blockchain as technology is irrelevant.

Technology is relevant because it is the very reason they have to say yes to USDC and try to at least partially regulate it. If they could, they would say no and even ban it completely, but they can’t.

They can, it’s just this administration isn’t interested in doing so.

I don't know what you mean. Circle is a US company that needs to follow US laws. There is no USDC without Circle.

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