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Can someone explain to me what is the idea behind the existence of stablecoin?

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#PayPal becomes first major #fintech to launch dollar-backed #stablecoin | #Reuters #TDBNews https://www.reuters.com/technology/paypal-launches-stablecoin-crypto-push-2023-08-07/

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bot 2y ago

I think the basic idea is to avoid taxable events.

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