Re:Top stablecoins shed $7B in May as traders redeem tokens ...
by abofh on Sunday May 22, 2022 @04:00AM
(#31465938)
I'm not anti crypto, I simply argue that the problems alleged by OP don't really exist except in the mind of people who once had a bank twenty years ago. By and large, if I want something that holds its value pegged to the US dollar, I hold a US dollar. Moving a US dollar costs me nothing anywhere in the world. Moving a USDT or whatever means I now have to set up an exclusive banking relationship with someone I trust even _less_ than my bank. Maybe it solves a problem for some subset of the globe, but I'm not convinced their problems are the noble ones stated above.
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Re:Top stablecoins shed $7B in May as traders redeem tokens ...
by web4 on Sunday May 22, 2022 @04:53AM
(#31466178)
sure, if you just want USD then hold that. if you want an asset that tracks USD, but has the freedom to exchange in crypto markets, be held in a non custodial way, and operate with smart contracts, a USD pegged stablecoin makes sense.