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

Re:Bitcoin’s reliance on stablecoins harks back to the Wild ... by out_of_protocol on Saturday June 05, 2021 @06:41AM (#27403823)
Regarding USDC - people in control of usdc can (and did) blacklist any wallet at their own desire, so it's not much different from storing money in bank, exchange etc

How about DAI ? This stablecoin doesn't have both USDT's and USDC's disadvantages

[ Parent | on HN ]
Re:Bitcoin’s reliance on stablecoins harks back to the Wild ... by mhluongo on Saturday June 05, 2021 @08:16AM (#27404269)
Unfortunately, it's largely backed by USDC right now... The failure of USDC would hurt the DAI peg.

If your threat model is government-backed censorship, though, it should be an improvement.

[ Parent | on HN ]