Luna USD was backed with their own coin luna, I am talking about using well known cryptocoins like btc eth ltc..

Instead of regular centralize stablecoins, why we don't have a stablecoin with its own blockchain or a token where anyone can mint or redeem that stablecoin using ONLY Cryptocurrencies at the market price.

For example if I have 1 Eth and want to mint it into Xusd (community stablecoin) it goes like this example:

If Eth market price = $1000 I send 1 Eth to this blockchain or contract and I receive 1000 Xusd.
And it can be redeem for any Crypto at market price,
If Eth price = $2000 I send 1000 Xusd and get 0.5 Eth.

Fricking Ordinals causing trx fee so high even at the weekend 
This is not "begin your own bank" looks like 
I have been wait the whole week to transfer my btc, but if I do %20 of the amount will go to fee.
Stupid NFTers go FUS 

Ironically, I learnt about eXCH from a reply on that tweet indicate that eXCH is been using to launder money (https://nitter.cz/fsvltt/status/1723786963247824975#m)

You're right, it's not fair to ask one exchange to police all crypto trxs.

But it seem like it wont help that much anyway since crime ppl wont risk to do direct trade.

And to be honest - you ask too much from a small exchange like eXch. Why not ask the same from other major CEX if you seek justice so much?

https://nitter.cz/PeckShieldAlert/status/1723910079278395658#m

As you can see, even major exchanges don't care about "dirty" crypto, so demanding this kind of "justice" from services like ours is unfair.

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Ironically, I learnt about eXCH from a reply on that tweet indicate that eXCH is been using to launder money (https://nitter.cz/fsvltt/status/1723786963247824975#m)

You're right, it's not fair to ask one exchange to police all crypto trxs.

But it seem like it wont help that much because crime ppl wont risk to do direct trade anyway.

No, this service is the best of all.

I am not saying that every trx should be monitored or logged, they can see if an crypto is coming from illegal source like hacked exchange or ponzi scheme address and if such crypto enter eXCH platform, least eXCH can do is refuse to process the trade and send the crypto to where it came from (-% fee). Or better to just donate the assets for a good cause.

I understand and respect the need for privacy of someone OWN HARD EARN MONEY, but when/if you know that scammers and cybercriminals use your service it would be better to report their trades back to the police requests.

Scammers and Criminal bring no good to our world.