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> They offer no protection from inflation They actually do, though. As an example, a Paki rupee in 2018 was trading at 130 to 1 USD. It's now down to 85 to 1 U
by chrisco255 2y ago
> They offer no protection from inflation
They actually do, though. As an example, a Paki rupee in 2018 was trading at 130 to 1 USD. It's now down to 85 to 1 USD. Meanwhile, USDT was trading at 1:1USD in 2018 and is currently trading at 1:1.
- jqpabc123 2y agoYou ignored part of my statement. They offer no protection from inflation in the underlying fiat. $ is the underlying fiat, not rupee. In other words, if you bought USDT in 2018 and sold it today, you actually lost over 20%.