2 ms·

curious, why USDP and not USDC or any of the other alternatives? also, why didn’t libra/the likes work out?

• exdsq 5y ago
  One issue with Libra was Facebook. FB has the user numbers and money to roll out a potentially successful cryptocurrency that's marketed as a currency. Regulators got scared and it got critiqued/shut down across almost every market.
  • MuffinFlavored 5y ago
    why would a successful cryptocurrency scare regulators? bitcoin is "successful". coinbase and popular wallets are "regulated" (reported to IRS, etc.)
    • arlcode 5y ago
      Facebook controlling what is equivalent to a central bank is scaring regulators. No one wants Mark in charge of the money supply. Partnering with a project that isn't Facebook helps with that (at least a little bit)