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The problem wasn't stablecoins, it was that you gave your coins to someone else to manage and they did a poor job at that. That high rate of interest you though
by latchkey 2y ago
The problem wasn't stablecoins, it was that you gave your coins to someone else to manage and they did a poor job at that. That high rate of interest you thought you were getting also came with a high rate of risk. The education around that was intentionally deceiving, which cast a poor light on crypto as a whole, which is unfortunate, at best.
- tombert 2y agoYeah, they kind of made it seem like GUSD was backed by FDIC. I should have been more skeptical of that, certainly, but I feel that the marketing was misleading. That said, I still think they're probably a bad idea.