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Financial institutions are always looking for loopholes to game the system. Typically this has meant avoiding capital requirements or liquidity ratios by adopting formats with looser standards. A new loophole -- stablecoins -- allows for a different set of financial standards to be avoided, society's anti-money laundering regulations.

http://jpkoning.blogspot.com/2024/03/how-paypal-can-use-stablecoins-to-avoid.html