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#stablecoin

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⚯ Michel de Cryptadamus ⚯

Ω🪬Ω
#TheCryptocalypseChronicles: Iran vs. Israel... On the Blockchain

The cease fire between Israel and Iran does not appear to apply to cyber warfare. #Tether and other #stablecoin companies have been seizing a lot of Iranians' assets almost certainly at Israel's request... which is kind of funny when you know that:

1) Tether has more or less openly encouraged Iranians to use Tether as a way to evade sanctions for years

2) Benjamin Netanyahu's son Yair spends a lot of time with Tether's founders.

(RTs appreciated)
cryptadamus.substack.com/p/isr

#iran#israel#HowardLutnick
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⚯ Michel de Cryptadamus ⚯

NYT article about Changpeng Zhao’s quest for a presidential pardon. Worth remembering that Trump’s World Liberty Financial has already launched its #stablecoin #USD1 mostly on the Binance blockchain (BNB) and USD1’s usage in decentralized finance is 99% happening on Binance fake decentralized exchanges (PancakeSwap).

Zhao pleaded guilty to laundering money for upstanding groups like terrorists and sellers of child pornography just a few years ago.

* NYT: nytimes.com/2025/08/09/us/poli
* Chart of USD1 DEX usage: x.com/Cryptadamist/status/1953

#CZ#Binance#BNB
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⚯ Michel de Cryptadamus ⚯

Ω🪬Ω
#TheCryptocalypseChronicles: Epstein's Arrest Shook The Blockchain

Jeffrey Epstein's arrest seems to have set off a wave of suspicious crypto payments that have heretofore gone unexamined.

1. The 2nd highest volume day in bitcoin history came a week after Epstein died.

2. #Stablecoin transfer volumes doubled less than 48 hours after Epstein was arrested. In particular #Tether, the stablecoin whose money is managed by Epstein's next door neighbor and #Trump's current Secretary of Commerce, saw on chain volumes skyrocket.

Also there's the matter of a bunch of suspicious deaths among Epstein's crypto circle.

(RTs appreciated)
cryptadamus.substack.com/p/eps

#epsteinfiles#epstein#epsteinCoverup
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⚯ Michel de Cryptadamus ⚯

the arrest of #JeffreyEpstein did amazing things for #stablecoins... average daily on chain volume basically permanently doubled overnight.

this isn’t conclusive but… if we were living in a world where epstein’s arrest suddenly deprived the world of a major money launderer whose customers suddenly found themselves in need of a new provider, and then the provider they chose was #Tether, this is what one would expect the chart to look like…

(also 6 days after #epstein was arrested there was a weird $5 billion issuance of new Tether #USDT tokens followed immediately by a $4.5 billion burn/redemption transaction. I assume that was a fat finger originally intended to mint only $500 million so i stripped it out of the chart… but i will at least note that someone went to issue $5 billion in stablecoins 6 days after epstein’s arrest. i can post that chart if anyone's curious)

data: dune.com/crypto_oracle/epstein

#crypto#cryptocurrency#stablecoin
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🧿🪬🍄🌈🎮💻🚲🥓🎃💀🏴🛻🇺🇸

> #Congress approved the country's first ever major #crypto legislation, signaling a sea change in the U.S. stance towards these #digitalCurrencies.

> That law sets new rules for a more narrow — yet promising segment of the #cryptocurrency market called #stablecoins.

> They are viewed as a safer type of cryptocurrency because each #stablecoin must be backed by #dollars

npr.org/2025/07/19/nx-s1-54700

#uspol#GENIUSAct
Continued thread
cobalt

Next “I haz thoughts”
2
Stablecoin Bill 2025 in US
Sooo, since the federal government is backing private companies to supply cryptocurrency and these guarantees of investments are not requiring these companies to meet strict standards of auditing and saving safe amounts of cryptocurrency funds to insurance against losses, it greatly benefits owners. And a large number of members of Congress are investors. The industry corporations were major funding donors to US politicians with enough money donations to tip elections AND buy votes in US budget resolutions. The Trump family has profited a great deal from offering their family-branded cryptocurrency. Now the Trump folks and a large percentage of Congressmen and Senators have an open profit and greed motive to keep cryptocurrency a more dominate profit-policy in the US for the rich and ultra rich.

So how does this work for the majority of the public and small investors? Er, it doesn’t. And another risk to economic collapse of the US government and society. Oops, too bad, so sad. 2/3
#USgovernment #USEconomy #Stablecoin #Cryptocurrency #StablecoinBill2025
#BigUglyBill

🧿🪬🍄🌈🎮💻🚲🥓🎃💀🏴🛻🇺🇸

> This week, conservatives pushed to tie the #CLARITYAct with the controversial #AntiCentralBankDigitalCurrencySurveillanceStateAct, which would prohibit the #FederalReserve from issuing a #centralBankDigitalCurrency. Conservatives said the Senate's #stablecoin bill and the broader market structure legislation were insufficient because it would allow for a #CBDC, which they opposed.

cbsnews.com/news/house-vote-cr

www.cbsnews.com · House passes historic crypto bill, the GENIUS Act, after right-wing rebellionBy Caitlin Yilek
#crypto#cryptocurrency#bitcoin
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⚯ Michel de Cryptadamus ⚯

i found some court filings that detail one man's attempt to use the courts to force #Tether and other #cryptocurrency companies to give him back $3 million that was stolen from him.

spoiler: it didn't go well. the crypto companies used their standard defense of "#blockchain is open source so not our problem lol".

not only did he have to chase the crypto companies through multiple jurisdictions (#singapore, british virgin islands, etc), in the end i don't think he got any of his money back from the (probably) #Russian criminals who stole it.

threadreaderapp.com/thread/194

#BVI#moneylaundering#USDT
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⚯ Michel de Cryptadamus ⚯

today in stablecoin news we look at the case of #Paxos, the "responsible" #stablecoin issuer behind the largest stablecoin ever to be shut down by the government for money laundering and counterfeiting (#BUSD, aka "Binance USD", was killed off by NY's regulators when it was revealed that Binance was counterfeiting BUSD tokens that had no actual money behind them).

- Paxos: "We're insured"
- Customers: "Wow! So who sold you the insurance? I heard it's hard to get insurance as a crypto company."
- Paxos: "A little company called Paxos"

p.s. one of the ex-Paxos guys behind BUSD, Austin Campbell, is considered a major thought leader for the industry and was a huge advocate for (and probably an architect of) the #GeniusAct

#AustinCampbell#stablecoins#crypto
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⚯ Michel de Cryptadamus ⚯

whenever the price of #bitcoin starts to drop because of global instability (or any other reason) “investors” immediately decide to send billions of dollars to #Tether, a financial company that more or less openly works with #Iran, has almost no employees, has been linked to hundreds of financial crimes, and has never produced an audit to prove it actually has all the money it says it does to back its #stablecoin #USDT. it's like clockwork.

today’s crash saw an immediate creation of $2 billion USDT, 100% of it on Donald Trump’s new business partner Justin Sun’s blockchain Tron (AKA “the crime chain”).

#JustinSun#Tron#stablecoins
Continued thread
Nonilex

[Money well spent as]…18 #Democrats joined #Republicans in backing the measure, while 2 Republicans opposed it.

The #stablecoin bill would give a government imprimatur to an important branch of the industry & help encourage more companies in the traditional #finance world to experiment with #digital currencies. Circle, the world’s 2nd-largest stablecoin company, went public this month, with its shares surging nearly 170% on the first day of trading.

#law#cryptocurrency#crypto
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⚯ Michel de Cryptadamus ⚯

Trump's #stablecoin #USD1 has been issued on Justin Sun's Tron blockchain, AKA "the global organized crime blockchain where ~$70 billion worth of Tether lives”.

All of these factors put together amount to literally a license for Donald Trump to run his own Federal Reserve, printing unbacked dollar equivalents whenever he wants.

What could go wrong?
x.com/SilvermanJacob/status/19

#JustinSun#Tron#stablecoins
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