MoneyGram Partners With Ripple Competitor Stellar, Will Settle Transactions With USDC Stablecoin

[RobertHarpool]

Perhaps I like the idea of the SEC determining that USDC is a security after all. 

Here's the article ... 

[NightJanitor]

It does present a number of questions and perhaps a quandary, doesn't it?

[RobertHarpool]

@NightJanitor  Even though there is no expectation of profit with USDC, because it is stabilized (even partly) by securities like bonds, then USDC is a security itself ... according to our boy GG, that is. 

Why did Coinbase get a warning but MoneyGram did not? 

Edited October 6, 2021 by RobertHarpool

[RipMcGillicuddy]

Maybe the safest place for Ripple / XRP to be right now is in a lawsuit that will very soon determine exactly what it is. While the rest of the industry begs for clarity...

[NightJanitor]

28 minutes ago, RobertHarpool said:

@NightJanitor  Even though there is no expectation of profit with USDC, because it is stabilized (even partly) by securities like bonds, then USDC is a security itself ... according to our boy GG, that is.

Yeah, but the flip side of "no expectation of profit" = "**** off" is "possibility of loss"="we must protect!"; that's part of the SEC shakedown optionality that it seems some people are interested in preserving for whatever reasons.  We shall see.

They don't seem to be interested in clarity to the extent that the market could function without their personal "interventions"...

(Just a tad odd!)

Edited October 6, 2021 by NightJanitor
Safety Dance!

[crazyazz]

What a shameful fiasco this all turned out to be. 

[brianwalden]

I wonder if this has anything to do with Jed's abrupt stop in XRP sales?

[Crypto_Realist]

This very well could be a blessing in disguise to a degree. 

This is now evidence of damages caused by the SEC.

Besides the QNB RippleNet partnership is exciting on it's own!