116
Trump's stablecoin chosen for $2 billion Abu Dhabi investment in Binance, co-founder says
(finance.yahoo.com)
this is called money laundering
this post was submitted on 02 May 2025
116 points (96.8% liked)
News
29223 readers
3478 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
Pretty sure this is called “high crimes and misdemeanors “,
Too bad our government is largely split between cowards sucking trump off and cowards who are just grateful they’re not the ones sucking him off.
No, it's just bribery.
It can be both
This is Trump’s America now. It’s called keep your mouth shut and get back to work.
No, this is the people's America. Trump can fuck himself.
I’m sure his cult is cheering this on. They love when he wins, even if they lose.
Truly a shame no one knows or can find the definition of "emoluments."
They tried and failed last time. That precedent was set.
Stable coin - https://en.m.wikipedia.org/wiki/Stablecoin Crypto that is pegged to a currency/asset supposedly backed by actual assets.
So this is stable coin now?
I look forward to its eventual reclassification as a "ficklecoin™."
So this is how they move off fiat? I'm sure they're on a Proof of Stake L1/L2, rather than a Proof of Work.
https://ca.finance.yahoo.com/news/wlfs-zach-witkoff-usd1-selected-093046749.html
Zach Witkoff announced that USD1 would be integrated into Tron, the blockchain of Hong Kong-based crypto entrepreneur Justin Sun.
Tron is apparently PoS, yes. Personally I have no idea what any of these mean and don't care to learn, because 99% of them are scams.
PoW = Get a GPU, crunch some numbers, make some money.
PoS = The Rich Get Richer. The Poor Get Screwed.
There is the technical argument that PoS was more energy efficient than running data centres full of ASICs or sometimes GPUs solely to produce proof-of-work.
It's still different flavours of Let's Prentend We're Finance Except Without Grownup Boring Rules, but if we can avoid burning gigawatts and puffing the cost of GPUs, there's a case for it.
I mean it's not really an argument, they objectively use far less energy. Something like 98%+ less than PoW. It basically eliminates the entire "it's bad for the environment" argument.
If you think that crypto is the driving force behind poverty, then I have some bad news for you...
https://whatismoney.info/wp-content/uploads/2020/05/DollarDevaluationHistory.png
No, I was simplifying the two proof systems in crypto, not saying it's the cause of long-term trends.
Educated people generally prefer scams that don't destroy the planet.