keetardedTorta
573 posts
keetardedTorta
@doctadegen
they say you are what you eat, well... ~ not affiliated ~ Keeta is the final layer early investor March 2025 🫡 🩺
Katılım Temmuz 2024
138 Takip Edilen64 Takipçiler
@doctadegen @YOjawnZiLLA @KeetaNetwork Haha sure it can it’s about trust the bank who is the issuer of it
If SVB was the issuer then yes it would of de- pegged hard of course
All Tokenized Fiat will have a issuer bank
It’s just Bank issued on its balance sheet
So trust is only shifted
From Circle to a Bank issuer
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The smooth-brained fud goes "why isn't @KeetaNetwork announced as part of visas stablecoin settlement pilot?" - BECAUSE THEY ARE MOVING FIAT, NOT STABLECOINS. Comprende?
keetardedTorta@doctadegen
The magnitude of this partnership is NOT hitting home for most of you! Read this post by @KeetaNetwork slowly, then compare to what every other blockchain/visa direct partnership is doing. This isn't just stablecoin settlements or pre-funded cards. $KTA is so fucking obvious 🤦
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@Chrisofmel @YOjawnZiLLA @KeetaNetwork Lol. It would be better because those tokens representing the fiat are legally considered bank liabilitys and remain on the balance sheet so they are covered by the FDIC. Also, the effects would be localized, stablecoins will affect everyone whose bank holds them
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@doctadegen @YOjawnZiLLA @KeetaNetwork Yes you are correct over the weekend
It went to low of 88 cents panic mode
The government stepped in guaranteed
Redemptions
And Wall Street arbitrage kicked in to scoop free money
And by Monday it was Re Pegged
Now imagine if it was tokenized fiat issued by SVB bank Mirror
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In 2023 USDC de-pegged, what caused it can happen again.
Banks adopting stablecoins expose themselves to double sided counterparty risk, not only Circle but the underlying FIs that custody reserves must remain solvent. Why would a bank expose themselves like that? $KTA
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@Chrisofmel @YOjawnZiLLA @KeetaNetwork USDC de-pegged in 2023 after the bank run at SVB. They are absolutely susceptible to de-pegging if a banking partner fails or there is a run on a bank. File this one under "counterparty risk"
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But USDC really can’t be de- pegged I mean the trust is such because it’s backed $1 for $1 buy mostly US government Tbillls the minute there is the slightest de-pegging noticed the Wall Street arbitrage kicks in
To claim that differential in monetary value even if fractions of a penny
That’s how trusted it is
But I get some of your other points
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@Chrisofmel @KeetaNetwork It's easier for banks to integrate and use tokanized fiat. More regulatory safety, liquidity stays on their balance sheet, can offer yield, fdic insured, less counterparty risk, lower FX friction.
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@Chrisofmel @KeetaNetwork They are doing both but you act like tokanized fiat is a bad thing when they're the first public blockchain to do this, it's mega bullish
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@Chrisofmel @KeetaNetwork My posts is about people thinking Keeta x visa direct Is fake because Keeta isn't part of the stablecoin settlement pilot. I'm pointing out the flaw in this conclusion.
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@doctadegen @KeetaNetwork Yes I agree it’s a different conversation
but the stablecoin conversation is at the highest level in the US government from congress to currently US senate on the clarity act
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@Chrisofmel @KeetaNetwork Yes, because they still need regulatory clarity. Tokanized deposits do not need regulatory clarity, they already have it. There are pros and cons to both, one of the biggest pros to stablecoins is that anyone can hold them, this is not the case w tokanized deposits.
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I started off saying tokenized fiat is bank issued
So your right that tokenized fiat is bank-issued and identifiable.
But acting like stablecoins don’t have AML/KYC oversight is just outdated.
Issuers, exchanges, and on/off-ramps all enforce it today.
This isn’t compliance vs no compliance
It’s where the compliance lives in the stack
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@Chrisofmel @YOjawnZiLLA @KeetaNetwork Went from "tokanized fiat and stablecoins are the same thing" to "actually they are different but I'm still right" like bro take the L or learn something
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@Chrisofmel @YOjawnZiLLA @KeetaNetwork No, this is what you started off saying. You're trying to sound smart and moved the goalposts after I explained why you are wrong. This is all beside the point. Tokanized fiat is not the same as stablecoins.
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@Chrisofmel @KeetaNetwork Lmao ok bro the pros and cons of tokanized fiat vs stablecoins is a different conversation, to have that conversation you must admit these are not the same thing. That's the point
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Well they actually pretty much are
Only advantage is it’s already in the banking system and maybe a faster easier redemption process
But it comes with another risk 👇
If you can’t clearly identify the issuer bank, you shouldn’t trust the token.
Here’s how you know 👇
⸻
1) The issuer is declared (not hidden)
For legit tokenized fiat, the bank name is explicit:
• In official docs / website
• In regulatory filings
• In partnership announcements
If it just says “USD or “EUR” “YEN” token” with no issuer → 🚩
If you can’t easily find this
Your dealing with a scam
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@Chrisofmel @YOjawnZiLLA @KeetaNetwork No, tokanized fiat is issued by a bank and is subject to KYC/AML laws unlike stablecoins. These terms are NOT interchangeable. The risk to institutions transacting w non-compliant stablecoins is much greater. Please understand the fundamental difference between the two
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Well they actually pretty much are
Only advantage is it’s already in the banking system and maybe a faster easier redemption process
But it comes with another risk 👇
If you can’t clearly identify the issuer bank, you shouldn’t trust the token.
Here’s how you know 👇
⸻
1) The issuer is declared (not hidden)
For legit tokenized fiat, the bank name is explicit:
• In official docs / website
• In regulatory filings
• In partnership announcements
If it just says “USD or “EUR” “YEN” token” with no issuer → 🚩
If you can’t easily find this
Your dealing with a scam
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They are functionally and technically different things. Tokanized fiat (deposits) are issued by banks, not private entities like stablecoins, they are bank liabilities backed by the banks balance sheet (stablecoins are not on the banks balance sheets).
🦧.Bonk@Chrisofmel
You’re mixing layers. “Moving fiat” vs “stablecoins” isn’t some clean separation like that. If you’re moving tokenized dollars on-chain, there has to be an issuer and a custodian holding $1-for-$1 off-chain for redemption. That’s literally how stablecoins work. Whether you call it “fiat rails” or “stablecoin settlement,” the moment value is represented on-chain, you’re in tokenized money territory—which requires banking, custody, and compliance. Visa’s pilots aren’t about vibes, they’re about regulated issuers, custody, and settlement design. That’s the real gating factor not just “we move fiat.”
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@radooman @KeetaNetwork @schenkty Keeta told everyone about the pivot to on-chain fiat like a month ago bro
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@doctadegen @KeetaNetwork Everybody forgot about $KUSD, which started to develop with agora more than half a year ago. I bet that nothing is done there . @KeetaNetwork slow rug project, fat ceo @schenkty us just chatterbox. $KTA
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@YOjawnZiLLA @KeetaNetwork No lmfao stablecoins are not the same as tokenized fiat.
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@doctadegen @KeetaNetwork so... not using the blockchain at all? because when you put fiat on the blockchain, that's called "stablecoins".
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@dappfiddler @KeetaNetwork You already look like a hoe rn, Ill wait until you start playing it cool 😂
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@dappfiddler @KeetaNetwork Nobody asked for your advice, I'm bullish on the project because the value in the anchors as a stand alone tech w Keeta holding IP rights along w the scalability is way higher than most people are factoring. Nothing you mentioned changes my analysis.
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@doctadegen @KeetaNetwork Still holding some, but rotating out whenever the opportunities arise. All I’m saying is don’t be all in on this one, as their track record continues to decline. Seriously, the beta testing. Go back on listing to the Mar 30th call. WTF
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