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Stablecoins have the worst of both worlds. You have the stablecoin issuers printing like crazy and you have the no chargebacks part of crypto.
by cuteboy19 5y ago
Stablecoins have the worst of both worlds. You have the stablecoin issuers printing like crazy and you have the no chargebacks part of crypto.
- rvz 5y ago> You have the stablecoin issuers printing like crazy. Who is exactly printing tons of these stablecoins, USDP? or any other regulated stablecoin? > and you have the no chargebacks part of crypto. And using cryptocurrencies eliminates chargeback fraud which that is abused by the users. The merchants can get their accounts shutdown and their money withheld for months due to the payment processors locking the money and they always side with the bank, which of whom have no context if the chargeback is fraudulent or not. I don't see how one can use stablecoins for speculation purposes, which one can do with Bitcoin, which that is completely unsuitable for payments.
- cuteboy19 5y agoUSDT(#1) and USDC(#2) have printed 150 billion dollars out of thin air. If you look by volume, these are the only 2 coins being used in any real capacity