SafeDollar ‘stablecoin’ drops to $0 following DeFi exploit on Polygon

Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by imtringued on Monday June 28, 2021 @06:10PM (#27668900)

>Nothing of value is backed in our world. If a mere 7% of bank account holders go to the bank to collect their money, the bank collapses. They don't have your money, it's not there.

Considering negative interest rates in the Eurozone you would be doing the banks a favor. They don't want your deposits.

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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by fleddr on Monday June 28, 2021 @07:28PM (#27669678)

I know. I recently closed a secondary account there, had to do it in person. Their attitude was "good riddance", they truly do not want my money.

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