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Unless you’re planning on trading alts, or live in a third world country and need access to the comparable stability a digital US dollar, you don’t need to.

DecrimNat 2y ago

Ok so it's just for converting and saving where it's more atable than local currency but easier to move than Bitcoin?

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Discussion

Evan 2y ago

Pretty much, yeah. It’s also a lot cheaper/easier on many exchanges to trade into a stablecoin than into actual dollars.

DecrimNat 2y ago

Oh right. Deposits hold in USDC before purchase right? So it's just an electronic representation of fiat?

Evan 2y ago

To my understanding, yes, though I’ve admittedly never used nor owned a stablecoin. 😅