Post
Topic
Board Trading Discussion
Re: Stable coins and Liquity problem
by
The Pharmacist
on 15/12/2019, 16:18:28 UTC
You mean getting stablecoins off an exchange?  Why not convert them to bitcoin and spend that?  

I never saw what the big deal is with them anyway except for keeping your funds on an exchange at a stable rate.  That's what they're good for, right?  I don't think anybody really wants or needs to spend them, nor is there any advantage in holding them unless you plan to trade them for bitcoin or something else.  Nor do I think merchants are ever going to take coins like Tether.  We're having a hard enough time getting businesses to take bitcoin, much less stablecoins.

You can exchange your stablecoins for fiat through platforms like Bisq[1]. And also, NO KYC!
Well, that should work for OP if it does what you say it does.  But it just seems like an unnecessary step to even own a stablecoin--maybe I just don't get the point of them.