Quantum Stellar Initiative (QSI)✨
Hmmmmmm possibly because this is a company-created and not the official treasury-version Chinese stablecoin? Remember all illegitimate stablecoins must go, including Circle’s USDC, Tether, etc. Is this a sign of things to come?
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🍌 Thanks Cdee for the link!…
If my reasoning for Trust Reserve’s arrests and seizures over CNHC stablecoin is correct, it gives this more context too!

SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes

Washington D.C., Feb. 16, 2023 —
The Securities and Exchange Commission today charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.

https://www.sec.gov/news/press-release/2023-32