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Shared June 16, 2025
If a dollar never leaves the country, is it considered a remittance? That's a central question to Trump's proposed 5% remittance tax. In the case of USBC transfers, when you send money to another person, that money stays in dollars, it stays in the U.S., and it stays within a single bank. The question is equally unclear when it comes to stablecoins, where entries are simply logged on a decentralized blockchain.
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