USDC is created when depositing 1 USD on Circle's Banks, there is no way you can create a USD in the world without ID yourself, so the trace is mantained in all the USDC movement. Maybe they don't know who you are but they will be able to track every movement that USDC did...
I don't know if you need to go through a KYC to receive USDC, but it is just an example of what can be done with #hivep2p.
USDC is created when depositing 1 USD on Circle's Banks, there is no way you can create a USD in the world without ID yourself, so the trace is mantained in all the USDC movement. Maybe they don't know who you are but they will be able to track every movement that USDC did...
that is how usdt works and other popular stablecoins but it has nothing to do with a p2p.
You don’t have to deposit 1 usd to get usdc or any other stablecoin, you just by it, earn it working or completely a p2p trade.
I understand what p2p is, I'm just pointing that specific USDC can be backtracked to a KYC ID, and if is spent at any time will be also identified.