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102 sats \ 1 reply \ @joseph_at_nostr_fan 13h \ on: Bitcoin vs stablecoins showdown looms as GENIUS Act nears bitcoin
Are there any good BTC stablecoins? We need these!
We clearly need this to offset the move to US based stablecoins that are fully tracked by OFAC and many governments.
USDT is convenient, but it is tracked, and can be easily frozen by Tether. USDT is not backed by any kind of crypto currency, just US dollar based assets.
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0 sats \ 0 replies \ @Scoresby OP 6h
Tether has said they will use Taproot Assets, which is on lightning. But still it's Tether, so I'm not sure how they will handle freezing.
I thought Boardwalk Cash (an ecash wallet) was stable to USD, but I can't find anything that says that, so I may have been wrong.
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