Subnostr

Unplug from the fiat matrix. #Bitcoin

Also, stablecoins are not stable and they are not coins.

The Federal Reserve....

wait I'm noticing a pattern here 😄

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Yes. Stablecoins are “legal fictions” so you can be rug pulled for any reason at anytime.

A stablecoin is only as stable as the fiat it is tethered to :-)

Strictly less stable!

Depends on type of stablecoin and the auditor :-) See the USDT audit case in 2018 or '19 (don't remember the exact date).

But you are right - stablecoins are in the hands of companies, not in the hands of states. And a company is not truly accountable entity.