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So it's meant to bypass the slowness of ACH and other aspects of the traditional banking system that the USD is limited by? Interesting.
by KoftaBob 4y ago
So it's meant to bypass the slowness of ACH and other aspects of the traditional banking system that the USD is limited by? Interesting.
- panphora 4y agoAlso, a lot of banks wouldn't work with crypto companies to provide them liquidity. So, stablecoins came in and said: "we'll be your liquidity!" It only works if the stablecoins can get you your USD back at the end of the day though, which is what's being tested right now.