The USDD in your Wallet only listens to you, not to any institution.
In the news I've been reading lately, the more I see, the more I feel that the biggest risk of stablecoins is not volatility, but rather "whether others can move your money."
Look at those centralized stablecoins outside, they can freeze hundreds of millions at any time. Once the address is locked, that string of numbers in your Wallet feels like it's gone.
In this environment, the design of USDD appears refreshingly rare: no administrators, no backend, no freeze button; the USDD you have in your Wallet is yours.
Is s
View Original