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43 sats \ 2 replies \ @16d86e9daa 19 Aug \ on: Volatility Insurance For Businesses That Accept Bitcoin? bitcoin
i think Businesses can convert Bitcoin payments into stablecoins like USDT (Tether) or USDC (USD Coin) immediately upon receipt. Stablecoins are designed to have a stable value relative to a fiat currency, such as the US dollar, which helps mitigate the risk of price fluctuations.
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0 sats \ 0 replies \ @SpaceHodler 20 Aug
I work with a guy based in China and he wants USDT, not BTC.
Tether in the meantime buys US treasuries and makes bank, which it converts to corn.
It benefits bitcoiners, it benefits Tether, it benefits the USG, it benefits people in corrupt countries, and the only one losing out is their corrupt governments.
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0 sats \ 0 replies \ @siggy47 OP 19 Aug
Yes they can, and they do. I'm looking to find a way, if possible, to prevent them from trading their bitcoin for fiat.
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