Reducing inequality and providing work-life balance 💀👎📉🔻
Yen based stablecoin 👼👍📈🔺
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When the country is in so much debt they can’t get out of, you look for the desperate measures.
And to get rug pulled by who?
Not to mistake stable coins with CBDC’s, other countries such as America and Hong Kong already operate multiple stable coins such as USDT, USDC, RLUSD etc.
I can’t wait for the floppy disk cryptowallet, very *oshare*.
Stable coins are just government scams to get crypto bros to invest in government bonds by proxy
“Press X to doubt”
For users, a stablecoin is just a bank account with minimal friction and KYC. For governments, a stablecoin issuer is a new source of demand for their debt.
In general, people conflate stablecoins with cryptocurrencies because they emerged around the same time and use similar tech but are fundamentally different. To be for or against stablecoins/issuers, it is useful to understand what they are and who they impact.
Remember when crypto was supposed to be the opposite of this sort of thing?
14 comments
Most stable coin ever
Reducing inequality and providing work-life balance 💀👎📉🔻
Yen based stablecoin 👼👍📈🔺
[deleted]
When the country is in so much debt they can’t get out of, you look for the desperate measures.
And to get rug pulled by who?
Not to mistake stable coins with CBDC’s, other countries such as America and Hong Kong already operate multiple stable coins such as USDT, USDC, RLUSD etc.
I can’t wait for the floppy disk cryptowallet, very *oshare*.
Stable coins are just government scams to get crypto bros to invest in government bonds by proxy
“Press X to doubt”
For users, a stablecoin is just a bank account with minimal friction and KYC. For governments, a stablecoin issuer is a new source of demand for their debt.
In general, people conflate stablecoins with cryptocurrencies because they emerged around the same time and use similar tech but are fundamentally different. To be for or against stablecoins/issuers, it is useful to understand what they are and who they impact.
Remember when crypto was supposed to be the opposite of this sort of thing?
So when are we getting an Uma Musume collab?
“yen-based stablecoin”
oxymoron of the year
Crypto is useless scam crap.