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Do you trust any stablecoin? I don’t. For some reason Tether gets a pass with Bitcoiners and I have no idea why. Paolo seems like a pleb, but he is literally the public face of the company. Why don’t they ever trot any other execs out?
Discussion
Is it the concept or the company you distrust?
Sounds like mostly the latter(s).
My understanding was stable-coins or mostly an intermediary between traditional finance and crypto-exchanges and services.
Not really necessary for the self-custodying BTC nerd (which is preferable) but maybe for the Wall St. types or DeFi loans/interest. 🤔🤷♂️
Not much point otherwise, since they’re literally pegged to USD. Altho Tether does have a gold-pegged service… I guess that’s probably better, maybe more practical for some until than can hold gold on their own.