Re:Fintech dystopia
by xboxnolifes on Tuesday July 29, 2025 @11:51AM
(#44724882)
Sure, in the same way that holding USD is speculating that the government won't halve its value tomorrow. There's speculation, and then there's speculation.
There are different flavors of stablecoins though. There's the ponzi scheme flavor that is propped up based on hand waving alchemy, and there's the boring (and now regulated) flavor that's actually backed by real money.
TerraUSD enters the chat
You're right that they aren't speculative in the financial sense of "hopefully gaining value over time", but you do speculate (in the more general sense) on the fiat-pegging mechanism(s) to work to preserve the value you are storing in them...