Also, stablecoins are not stable and they are not coins.
The Federal Reserve....
wait I'm noticing a pattern here 😄
A stablecoin is only as stable as the fiat it is tethered to :-)
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Strictly less stable!
Depends on type of stablecoin and the auditor :-) See the USDT audit case in 2018 or '19 (don't remember the exact date).
But you are right - stablecoins are in the hands of companies, not in the hands of states. And a company is not truly accountable entity.
