Re: Why they always attempt to create a stable kind of coin like TUSD?
I'm just curious, why do exchange always attempt to create new kind of cryptocurrency that can replace USD?
In my opinion, It's much better if you can just convert it directly to USD, so trader may assure that their money in the trading site is really equal to 1usd.
What is your option on this matter?
In my opinion, It's much better if you can just convert it directly to USD, so trader may assure that their money in the trading site is really equal to 1usd.
What is your option on this matter?
A stable coin backed by 1 USD functions better on a blockchain, ya traders could convert it to directly to USD but what if then they want to move it to another exchange? It would have to go through a bank and then to the other exchange. This is why tether was so popular, it was a away for traders to keep away from the volatility but still have the benefit of the blockchain.
As Dimon said ultimately it will be US dollars moving around on a blockchain....not bitcoin, unfortunately he was somewhat right.
