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When I said 'fiat money', I meant stuff that you can use to buy things in a store. I live in a city that has a large blockchain community, but I'm not aware of
by rahimnathwani 4y ago
When I said 'fiat money', I meant stuff that you can use to buy things in a store. I live in a city that has a large blockchain community, but I'm not aware of any physical retailers that accept payment in USDC.
I imagine folks receiving remittances in Manila, Mexico City, Nairobi, Delhi etc. would have difficulty using stablecoins (whether backed or algorithmic) to buy food and other necessities.