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Replying to Avatar Anti Spasti

This is the stablecoin equivalent of full-reserve banking backed by bitcoin.

#Bitcoin-backed dollars have an opportunity to be the single greatest Trojan horse we have to reduce reliance on the fiat system.

https://bitcoinmagazine.com/technical/world-needs-bitcoin-backed-stablecoins

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Michael Anton Fischer 2y ago

Stable coins are way too risky for me.

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Anti Spasti 2y ago

Same here.

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whitefleaCH 2y ago

Stable coins are stable until they’re not stable anymore.

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Michael Anton Fischer 2y ago

And even if, they are pegged to a dying currency.

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