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I never understood why i should use stablecoins instead of the regular banking system, which is highly regulated, to secure my money as good as possible. Stable
by andix 4y ago
I never understood why i should use stablecoins instead of the regular banking system, which is highly regulated, to secure my money as good as possible. Stablecoins are just the worst of both worlds, aren’t they?
- quickthrower2 4y agoIn answered in another comment but usually for gambling or nefarious reasons.
- shahmeern 4y agoTo avoid delays with traditional money rails. Most usage is for DeFi (you’d prbly call it gambling) but I also know people who use it for remittances. Believe it or not, sending stablecoins internationally and off ramping at a foreign bank acc is faster / cheaper than using something like western union
- andix 4y agoIn Europe we have now SEPA real time bank transfers. And they are really real time: less than 30 seconds. Also internationally