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> Who and why? IIUC: a) exchanges for short-term liquidity b) traders for whom going in and out of actual USD is a giant PITN Or to put it different
by ur-whale 4y ago
> Who and why?
IIUC:
a) exchanges for short-term liquidity
b) traders for whom going in and out of actual USD is a giant PITN
Or to put it differently: when you want to trade on e.g. Binance, it's a lot easier to trade in and out of Binance's stablecoin than in an out of actual USD.
- TekMol 4y agoI associate the term "short-term liquidity" with money that can be used to pay employees and suppliers. Are exchanges really holding stablecoins for this purpose?
- tirpen 4y agoNo, Crypto isn't used by people who have "employees and suppliers", those people use currencies instead. The crypto community just like to co-opt all sorts of terms from economy to give themselves a veneer of faux credibility.