Would using a StableCoin bypass the &quot;Money Transmitter&quot; laws in the US?
<p>I'm considering a startup that allows news/content creators to collect nano-payments (~$0.01) for their content. Since transactions of that size are unreasonable to charge individually by Stripe/etc, I would need to have some kind of virtual wallet to store small amounts of liquid money.</p>

<p>From my research, I see that this would put me under heavy US regulation, and I'd like to avoid that, since it would require huge funding to hire lawyers to do something like that.</p>

<p>Would using some kind of cryptocurrency stablecoin, meaning it has a stable value of $1:1coin, allow me to bypass this regulation?</p>

<p><a href="https://usdx.cash" rel="nofollow noreferrer">Here's</a> an example of a service that would in theory allow me to take payments and store the money in stablecoin rather than in a bank account.</p>

<p>Would doing something like this solve my problem?</p>

<p>Thanks for the help!</p>

<blockquote>
  <p>I see that this would put me under heavy US regulation, and I'd like
  to avoid that, since it would require huge funding to hire lawyers to
  do something like that.</p>
</blockquote>

<p>There are many reasons for financial and banking industry regulations; namely, fraud protection, corruption and money laundering preventions, use of crypto to avoid taxes and records, etc.</p>

<p>If you're serious about a startup that involves financial transaction, one of the first things you do is find a law firm to advise you on the legal plausibility of an idea. And be prepared to spend thousands and thousands of dollars in legal fees for regulatory approval.</p>

<blockquote>
  <p>Would doing something like this solve my problem?</p>
</blockquote>

<p>You're really going to trust randos on the web for legal advice?</p>

united-states business finance cryptocurrency money-service