Re:Bitcoin Falls Below $20k for the First Time Since 2020
by zarzavat on Saturday June 18, 2022 @05:18AM
(#31788399)
> The vast majority of alt-coins cannot be exchanged against dollars and have a value only if they can be traded against USDT or other stablecoins.
Even in a hypothetical world without any stablecoins at all (which is different from a world without Tether), fiat-less exchanges could still exist: just exchange fiat for btc or eth, and then btc or eth for altcoins. Altcoins existed long before stablecoins.
Even in a hypothetical world without any stablecoins at all (which is different from a world without Tether), fiat-less exchanges could still exist: just exchange fiat for btc or eth, and then btc or eth for altcoins. Altcoins existed long before stablecoins.