I do not see any use case for these so called "stablecoins". ANY stablecoins is actually a useless shitcoin, just a fancy word for another crap that is linked to fiat money.
Market making right now is done by Binance with the worst shitcoin called Tether, the former controls almost 60% of the market and the latter is the most traded "crypto" way more than BTC. These guys are proposing another solution to a complicated problem that requires either bank accounts and KYC or another type of intermediary, at least they're trying.
If it's not Bitcoin, it's a shitcoin.
All stablecoins are scams.
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I do not see any use case for these so called "stablecoins".
ANY stablecoins is actually a useless shitcoin, just a fancy word for another crap that is linked to fiat money.
Market making right now is done by Binance with the worst shitcoin called Tether, the former controls almost 60% of the market and the latter is the most traded "crypto" way more than BTC.
These guys are proposing another solution to a complicated problem that requires either bank accounts and KYC or another type of intermediary, at least they're trying.
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Here's the Tweet from Kollider that kicked off the Twitter thread where this blog post was shared:
https://twitter.com/kollider_trade/status/1620890674861334528 [Nitter]
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Just posting these here for info:
https://docs.kollider.xyz/docs/FAQ#does-kollider-take-custody-of-my-funds
https://docs.kollider.xyz/docs/FAQ#what-are-the-risks-of-using-kollider
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