Using Synthetic Stablecoins with Kollider Wallet \ stacker news ~bitcoin

Using Synthetic Stablecoins with Kollider Wallet blog.kollider.xyz/using-synthetic-stablecoins-with-kollider-wallet/

62 sats \ 5 comments \ @kollider_trade 1 Feb 2023 bitcoin

11 sats \ 0 replies \ @NorthKoreanHostage 2 Feb 2023

If it's not Bitcoin, it's a shitcoin.

All stablecoins are scams.

1 sat \ 1 reply \ @DarthCoin 1 Feb 2023

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.

0 sats \ 0 replies \ @purpurato 2 Feb 2023

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.

0 sats \ 0 replies \ @cryptocoin 2 Feb 2023

Here's the Tweet from Kollider that kicked off the Twitter thread where this blog post was shared:

Synthetic stablecoins in Kollider Wallet.

This is our feature that allows you to hold, spend, and receive USD and EUR balances alongside your BTC.

Let's talk about what these are and how to use them.

https://i.postimg.cc/Jr6KtfYt/image.jpg https://i.postimg.cc/3Njdp5hW/image.jpg

https://twitter.com/kollider_trade/status/1620890674861334528 [Nitter]

0 sats \ 0 replies \ @Rock 1 Feb 2023

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