News for hackers. Stuff that matters.

A comment on Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC.

Re:Binance, Issuer of 3rd Biggest Stablecoin, to Stop Suppor... by terrio on Monday September 05, 2022 @06:27PM (#32730247)
I just read in the article how much stable coins there is.

Why would I buy a stable coin if this literally just creates money out of thin air and me trusting some company that they just lend money to me for free?

We do two things which are normally a sign of economic loss.

[ Parent | on HN ]
Re:Binance, Issuer of 3rd Biggest Stablecoin, to Stop Suppor... by aaaaaaaaata on Monday September 05, 2022 @08:09PM (#32730974)
> Why would I buy a stable coin if this literally just creates money out of thin air and me trusting some company that they just lend money to me for free?

You are in for quite a shock.

[ Parent | on HN ]