But this is free market. So far stablecoins are the closest form to privately issued monies we could observe for more than 100 years of central banks domination.
Sure, but USDT is basically an IOU for the USD issued by a shady company... so even worse than the dollar itself. There's an interesting video from Coffeezilla talking about Tether.
the fact that some bitcoiners trust USDT is beyond me
But this is free market. So far stablecoins are the closest form to privately issued monies we could observe for more than 100 years of central banks domination.
Sure, but USDT is basically an IOU for the USD issued by a shady company... so even worse than the dollar itself. There's an interesting video from Coffeezilla talking about Tether.
My point is if you don't like USDT use USDC.
Isn’t USDC capable to block/kill specific wallets?
Yes. So tether does.
Yeah I think it's a better option
hmmm such a quick deleveraging, I wonder how that affects that tradFI market, will be interesting to see
I started to think that they just getting rid of most risky assets while arbitraging USDT dump on markets as a result of LUNA-3AC story.