~hyperlinks

I know and I agree with you. 

They were promoted as permissionless cause you could have just spun up an Ethereum wallet and start transacting with USDC without any KYC.

teemupleb

The original promise for stablecoins was faster settlement on a blockchain, permissionlessness, no KYC.

Not sure where you heard that promise, but I'd check those again.

Centralized systems by design are the opposite of permissionless. And with permissioning, kyc in some shape or form is required. Then it is only a matter of time and/or growth for governments to start requiring even more.

Politics_And_Law

Federal Reserve proposal to require stablecoins to maintain user ID program

Scoresby

> The original promise for stablecoins was faster settlement on a blockchain, permissionlessness, no KYC.

Not sure where you heard that promise, but I'd check those again.

Centralized systems by design are the opposite of permissionless. And with permissioning, kyc in some shape or form is required. Then it is only a matter of time and/or growth for governments to start requiring even more.