Re:Tether Discussion featuring Bennett Tomlin and George Noble
by ahtihn on Saturday October 16, 2021 @08:50AM
(#28887505)
Regarding point 4, it has nothing to do with unbanked people. The demand for stable coins comes from exchanges that don't want to deal wih US financial regulations.
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Re:Tether Discussion featuring Bennett Tomlin and George Noble
by gitfan86 on Saturday October 16, 2021 @02:27PM
(#28890151)
Exactly. If I want to borrow your comic books and lend them out to my friends for a fee, I can pay you a cut on the money I make lending them to my friends. I can't do the same thing with money because then I am a financial institution. So instead I use stable coin crypto because that isn't money.