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A comment on SafeDollar ‘stablecoin’ drops to $0 following DeFi exploit on Polygon. Parent comment
Into an interest paying account - yes. A savings account like that may be the "don't even mention it" default for you and me. But not for:
- unbanked people in the US (~6%)
- and in the world (much larger https://www.motherjones.com/kevin-drum/2019/06/raw-data-unba...)
- people with non-interest-paying accounts for religious reasons
- people in countries where interest is ~0% or negative (https://dqydj.com/negative-savings-accounts/)
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Into an interest paying account - yes. A savings account like that may be the "don't even mention it" default for you and me. But not for:
- unbanked people in the US (~6%)
- and in the world (much larger https://www.motherjones.com/kevin-drum/2019/06/raw-data-unba...)
- people with non-interest-paying accounts for religious reasons
- people in countries where interest is ~0% or negative (https://dqydj.com/negative-savings-accounts/)