Paxos also issues stablecoins for PayPal (PYUSD) and used to issue for Binance (BUSD). That might give it some credibility.
Tether and Paxos are the biggest issuers of stablecoins, if any of them were to go down, the whole market would come down with them.
But why not try to buy some PAXG and...
"Thailand
Residence-based taxation.
Taxes foreign income of residents: Yes*
* Only if the income is remitted to Thailand in the same year when it is earned."
https://en.wikipedia.org/wiki/International_taxation
https://www.ey.com/en_gl/tax-guides/worldwide-personal-tax-and-immigration-guide
BUSD and USDP are almost the same.
Both are issued by Paxos, 100% backed by dollars, regulated and audited.
There's also PAXG, pegged and backed by real gold.
Well that would defeat the purpose of having no accounting. A New Mexico LLC seems more private and cost effective.
Even if accounting was an option, wouldn't a UK non-resident LLP be a cheaper and more straightforward solution than Cyprus?
What would be good setup for someone living in territorial tax countries?
Assuming you're only making money online from abroad in ecommerce or crypto. Ideally with no accounting, taxes, low cost.
You get an actual ID issued by the government. The NFT is just a digital version.
The question is, can you open a bank account abroad with just an ID from your/another country? Don't banks usually ask for passport instead?