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I will be referring to stablecoins as pegged coins from now on.

This is a much better term. I don't know why I didn't think of this myself. I really shouldn't have needed to read this.

nostr:nevent1qqsgj3e333csdzwtcuuc9tdc43s3yern3vj4quft7ggnmpr7852jllcpz3mhxue69uhkummnw3ezummcw3ezuer9wcpzpz0lvkrz5wdyqeptgyfpqu9yde2sd9g0cgrh7h204xd0ndz6xgweqvzqqqqqqyjuhuz5

Little Johnny 6mo ago

Here's my two sats about this topic: I like nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgew2ua 's version "guaranteed loss coin". The point is that they are losing value at the same rate as the US dollar to #Bitcoin. #stablecoins

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Discussion

Kayne 5mo ago

If they are pegged to the dollar.

In the future most of them are going to be pegged to the Bitcoin reserves that whichever government or corporation that makes them holds, or resource assets.

There are gold and silver etc. backed stablecoins