Cybersecurity

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Stablecoin Bank Hit by Cyberattack, Loses $49.5M to Hackers (gbhackers.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 1 month ago

It needs to be able to destroy the tax money after you pay it.

That's just an accounting trick, they can "destroy" whatever the current USD value would be. Whether they hold or immediately exchange the BTC is largely irrelevant.

And governments don't necessarily need to issue the currency they use. For example, Ecuador uses the USD as their national currency. There's nothing stopping any country from standardizing on multiple currencies either.