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This is the first time I've heard compelling use of cryoto-coins, and it's actually a _great_ one. So many life-savings have been completely lost due to politi

by ghusto 4y ago

This is the first time I've heard compelling use of cryoto-coins, and it's actually a _great_ one. So many life-savings have been completely lost due to political effups, it makes me happy to see some way for people to safe-guard against inept governments. One question I have though (I don't know much about crypto stuff), is how stable these "stablecoins" are, and how? Is it easy to trade back to real money?

deleted 4y ago
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sjducb 4y ago
It depends which stablecoin. USDT and USDC are both billion dollar coins backed by enough real assets that they survived the collapse and "run on the bank" of the failed stablecoin Terra. It's super easy to trade either of them for dollars.