The $USDT banking rails just got exposed.
Tether moves on-chain, but the actual dollars? Still flowing through traditional banking plumbing.
The EQIBank (Dominica) + Capstone (US payments) case reveals the critical off-chain infrastructure:
→ Offshore banks
→ Payment intermediaries
→ Major US banks
This is the bridge between on-chain dollars and TradFi. The system everyone assumes is decentralized... still depends on legacy rails.
Stablecoins are only as resilient as their weakest banking link.
Tether moves on-chain, but the actual dollars? Still flowing through traditional banking plumbing.
The EQIBank (Dominica) + Capstone (US payments) case reveals the critical off-chain infrastructure:
→ Offshore banks
→ Payment intermediaries
→ Major US banks
This is the bridge between on-chain dollars and TradFi. The system everyone assumes is decentralized... still depends on legacy rails.
Stablecoins are only as resilient as their weakest banking link.
