Re:Report on Stablecoins [pdf]
by scrubs on Monday November 01, 2021 @06:17PM
(#29073948)
Agree! If there was no way for ppl playing in crypto to get their hands on bonafide fiat currency, I don't think anybody would really care about crypto. Remember the Gemini exchange adds looking for qualified investors? Why? because such people have US dollars, which is what Gemini wants to bank.
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Right now that's the case but there's no guarantee any currency will always remain the one of choice. And BTC doesn't need exchanges, but of course it does help, especially in the early stages.