Re:UST Stablecoin Loses Dollar Peg
by m12k on Tuesday May 10, 2022 @04:13AM
(#31324726)
Out of curiosity, what's the point of having a "position" in a stablecoin? It seems that if they manage to maintain the peg, there can't be any gains either. My impression was stablecoins are mainly used as an intermediary when converting between crypto positions, as a kind of "crypto reserve currency".
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Re:UST Stablecoin Loses Dollar Peg
by netheril96 on Tuesday May 10, 2022 @06:23AM
(#31325404)
Not OP. I guest he put his UST on Anchor to earn the 20% interest.