NATIONAL STABLECOINS: FREEDOM OR TRAP?
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@Binance CIS listed $KGST —Kyrgyzstan's som-pegged coin. Sounds revolutionary, right?
Here's what bugs me. We chased crypto for freedom. Now governments want control back.
The Good:
Fixes remittance fees (30% of their GDP)
Stable during local currency crashes
Legal compliance built-in
The Bad:
Zero public audits
Full transaction surveillance
535 holders total (dead?)
Government freeze risk
I lost enough trusting backed reserves claims. USDC shows monthly proof. $KGST? Just trust us.
Use for utility. Never as savings. Governments change rules fast—ask Kazakhstan miners.
Your country planning one?
#Write2Earn #Stablecoins #BNBChain #CryptoRegulationBattle #defi