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Anyone can print dollars using a smart contract.
Gaslighting is the name of this game. The gas fees that you need to pay to keep this “Stablecoin” in your shipcoin wallet is greater than the Bitcoin fees that you will accumulate in your lifetime. There is nothing stable about that. Besides it is not synonymous to printing dollars as it is called and shall be known as TOKENIZATION of Old World assets and Fiat stupidity.
You just witnessed a clown show. Information Technology experts nowadays are bunch of Fake High Priests whom pretends to know everything. If you are red pilled, black pilled and orange pilled you will be a able to see through their stupid agenda. Making people use the old technology like passwords and legacy authenticators to make themselves look like some kind of super genius is really lame. All the while they are not aware of technology like LNURL for SN, magic link, web3 authentication technology amongst others. They think that native Bitcoin wallets require username and password to access. They are just lame and moronic to think that they are helping the masses with their old world methodologies.