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A comment on Bitcoin’s reliance on stablecoins harks back to the Wild West of finance.

Re:Bitcoin’s reliance on stablecoins harks back to the Wild ... by canacrypto on Friday June 04, 2021 @07:39PM (#27400394)
The title is misleading. Bitcoin isn't reliant on Stablecoins. DeFi, is but DeFi !== Bitcoin...
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Re:Bitcoin’s reliance on stablecoins harks back to the Wild ... by yokem55 on Friday June 04, 2021 @08:48PM (#27400877)
While tether gets piped around ethereum between centralized exchanges, few on chain defi applications actually use tether outside of a few stable coin focused swapping apps. Most of the lending and borrowing apps prefer USDC or Dai.
[ Parent | on HN ]
Re:Bitcoin’s reliance on stablecoins harks back to the Wild ... by latchkey on Saturday June 05, 2021 @09:14AM (#27404703)
DeFi now has a plethora of 'stablecoins' thanks to innovation of algo-stables.
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Re:Bitcoin’s reliance on stablecoins harks back to the Wild ... by latchkey on Saturday June 05, 2021 @09:13AM (#27404698)
stablecoins enable the ability to exit bitcoin at any time without having to take risk on another equally volatile coin.
[ Parent | on HN ]