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With the number of collapsed stablecoins this year and the biggest one of them all being a complete fraud, I'm not sure they're any safer. Also, every fiat-back

by Zanfa 4y ago

With the number of collapsed stablecoins this year and the biggest one of them all being a complete fraud, I'm not sure they're any safer. Also, every fiat-backed stablecoin is by definition 100% centralized to a single legal entity.

siftrics 4y ago
What is your point? My point is anyone with an internet connection can give their savings 100% exposure to any centralized fiat currency, _if they so choose._ I'm not saying you should or you have to. I'm just saying this gives people the option to do that. What's bad about that? What's wrong with that? Should only US citizens be allowed to save US dollars?