šÆ The ābanking legā behind stablecoins was cut with one knife
š° Tetherās banking partner EQIBank with about $90 million was seized by U.S. regulatorsānow scrambling to recover funds, and the stablecoinās dollar channel has hit another bottleneck
š¬ Stablecoins may look calm and peaceful on the surface, but the lifeline is actually in the banking channels. A single legal order can freeze $90 millionāno matter how transparent it looks on-chain, it canāt withstand an off-chain blow like this. This is the real risk
š·ļø #Tether #ēسå®åø #ēē®” #banking channel
š° Tetherās banking partner EQIBank with about $90 million was seized by U.S. regulatorsānow scrambling to recover funds, and the stablecoinās dollar channel has hit another bottleneck
š¬ Stablecoins may look calm and peaceful on the surface, but the lifeline is actually in the banking channels. A single legal order can freeze $90 millionāno matter how transparent it looks on-chain, it canāt withstand an off-chain blow like this. This is the real risk
š·ļø #Tether #ēسå®åø #ēē®” #banking channel