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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 Animats on Saturday June 05, 2021 @01:50PM (#27407142)
They claim that if you deposit USDT, they pay 8.5%/year.

They're effectively speculating that Tether will crash, and they get to pay you back with cheap Tethers.

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