3 ms·
If can exchange USDT for BTC at the same rate that you can exchange USD for BTC, that's good enough to make 1-1 the going rate for USDT <-> USD. Yeah, it's inco
by lacker 7y ago
If can exchange USDT for BTC at the same rate that you can exchange USD for BTC, that's good enough to make 1-1 the going rate for USDT <-> USD. Yeah, it's inconvenient to exchange USDT into dollars, but the ability to easily exchange into dollars isn't the primary utility of stablecoins.
- jki275 7y agoRight -- it's the ability to avoid changing to USD, while pretending that you can if you want to.