Re: Impact of USDC - Circle - & other Stable coins. Dangerous.
Backed by a non-limit printed dollar ?? makes 0 sense for me.
inflation welcome in crypto!
These are basically strictly for trading purposes and have little use otherwise, meaning inflation isn't an issue.inflation welcome in crypto!
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Well, it was supposed to not be an issue, although if you're pegged to a currency that experiences inflation it will also be affected. But in reality, because nobody was taken tether, people were trying to sell it at 90% of the value, just like Venezuelans do each day with their bolivar, offering more and more because nobody is selling goods in exchange at yesterday's prices. Imagine what is going in the heads of those that we're avoiding a bitcoin drop by holding tether on Monday
If Tether had been transparent and open to audits, their reputation would be far better.
If that would have happened we wouldn't have tether around anymore
I guess a lot of people where moving their assets to other stablecoins like TUSD
Oh, we have another