Replying to Avatar Evan

Pretty much, yeah. It’s also a lot cheaper/easier on many exchanges to trade into a stablecoin than into actual dollars.
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DecrimNat 2y ago

Oh right. Deposits hold in USDC before purchase right? So it's just an electronic representation of fiat?

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Evan 2y ago

To my understanding, yes, though I’ve admittedly never used nor owned a stablecoin. 😅