There is Not enough ways to Get stable coins like usdt in to cash
And what we need is Something like app so we can pay with stable coins at Grocery store!
It Will save more us coz its not convient way to trade stable coins right Now!
U can buy and sell btc anywhere but what i Want is stable coins coz they are stable.
Exchanges allows you to convert your cryptos into supported fiat and if it is nit available on any exchanges then peer to oeer trading platforms allows you to convert it for your local fiat using bank payment.
Everyone wants to spend their cryptos but no one actually interested in spending their stable coin because which is similar to spending your fiat money.
I do use an exchange that has USDT and BUSD and if I want to I can turn that into regular fiat and that way I will be capable of withdrawing that into my personal bank account, which is why I do not think that it is a personal problem. However people are forgetting that we are in tens of billions of dollars into this stable coin thing and I do not think that it is healthy. Have we tried to withdraw ALL of the money from stable coins?
I can guarantee you that they will not be capable of paying that, it is not 1 to 1 backed and some of that money is already spent and they just do not say that. Which is why I think it is quite clear that people are worried about it and they are right. After all who would want to be involved with something like this when there is nothing that would make it difficult for them? This is why there is nothing we should be defending them for.