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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 pinkybanana on Saturday June 05, 2021 @09:03AM (#27404620)
> Remember, Tether has no upside. There is no reason to ever hold Tether for any length of time.

"There is this product/service X, that is bought and traded fro billions. I don't see any use cases myself so clearly there isn't any reason to use it. Market is wrong and I am right."

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Re:Bitcoin’s reliance on stablecoins harks back to the Wild ... by ac29 on Saturday June 05, 2021 @12:34PM (#27406455)
The point is that the maximum value of 1 Tether is 1 USD. No matter how long you hold it, it will not be worth more than a dollar held in a safe, insured bank account.
[ Parent | on HN ]