"Stable"coin
Discussion
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At what level does allaire abscond to a Caribbean island?
Dude, it's called 'not-so-stable-coin'!
Rank #5
There's Bitcoin.
And then there's an unlimited supply of make believe.
Where are the tether truthers?
Who knew Christine Lagard was first referring to โstablesโ when she said that if people needed an escape hatch, theyโd use bitcoin? but it only makes sense. This is the first step in the stampede towards store of value outside the failing system.
Right. Stablecoins are only as good as the underlying assets. If those assets go away, like they just did ๐ then this is the result.
> Right. Stablecoins are only as good as the underlying assets. If those assets go away, like they just did ๐ then this is the result.
Their assets were in Silicon Valley Bank? I've barely read anything about SVB's failure, but I did see that most of its deposits were not covered by FDIC deposit insurance.
It makes sense for them to get rid of stablecoins. Another bitcoin entry thatโs closed..
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Hahaha
stable coin = stable until something happens ๐
Itโs really stableโ๏ธ๐๐
What a shitcoin
The U in usdc stands for Unstable.
dai will go down with it https://www.coingecko.com/en/coins/dai
Wow! This is going to ruin a lot of peoples day. Iโm guessing Bitcoin will be affected quite a bit too as they sell off everything to pay out withdrawals.
Your message is garnering a lot of interest.
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