Subnostr

We have much work to do.

"According to a recent CoinGate report, stablecoins surpassed Bitcoin as the preferred method of payment, with Tether (USDT) leading at 34.6% of transactions. Including other stablecoins like USD Coin (USDC), the share of stablecoin payments rose to 35.5%. USDT dominated the category, but USDC posted remarkable growth, increasing usage by 86.9%, largely due to its integration into the Solana network."

https://cryptodnes.bg/en/how-stablecoins-captured-33-of-crypto-payments-in-2024/

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Discussion

nikotsla 1y ago

Indeed, but the stable (what a joke) coins are just a proxy to sell more treasury bonds in the United State, moving the inflation to the rest of the world. All the "DeFi" drama es backed up by this; the company buy treasury bonds and obtain a 3/4% just holding that, then offer in their platform a range between 1/2% of "yield" in cashback, some ponzi scheme or anything.

So yes... we have a lot of work.

Shawn 1y ago

All true, and yet, most people around the world need the utility of stablecoins and shun the volatility of Bitcoin. A combination of education and technology. Slowly, but surely. 💪