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As a US citizen try to send dollars to a Hong Kong or Singapore registered exchange. I think the "investing" in tether is really only the best match to "Let me
by dmichulke 4y ago
As a US citizen try to send dollars to a Hong Kong or Singapore registered exchange.
I think the "investing" in tether is really only the best match to "Let me see, where can I park my money in the least volatile way on this crypto exchange".
EDIT: Interestingly, if tether breaks, then USDC is the last man standing and will have to work hard to maintain the peg. Under such circumstances it's quite possible that BTC is the next best "stable" coin.
- ineedasername 4y agoIf USDC is truly backed 100% as stated then it shouldn't be a problem. In fact it might help them gain market share if coins with less backing de-pegged. Though I guess it could also lead to a general loss of faith in stable coins and folks as a whole would shy away from them. Either way, most stable coins are built on some form of trust, and I'm much more inclined to trust Coinbase than most others. (Disclaimer: I have no dog in this hunt, I don't own any crypto whatsoever.)
- whimsicalism 4y agoDai? Why does everyone always forget Dai? Unlike Tether and USDC, I can actually verify that Dai is overcollateralized.