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There's still no FDIC for stable coins. If there's fraud, well, maybe you get your money back, maybe not. And there's still no interest to compensate for the

by bb88 1y ago

There's still no FDIC for stable coins. If there's fraud, well, maybe you get your money back, maybe not. And there's still no interest to compensate for the risk of holding a stable coin.

OutOfHere 1y ago
Personally I treat stablecoins as suitable for temporary holding only. I move to real cryptocurrency as soon as possible, to the few that appreciate in the long term despite their pumps and dumps.
- bb88 1y ago
  I'm not against stable coins per se because they could offer a 7% APR to provide an upside to match the risk. A stable coin that can figure that out will draw money from Tether and Circle.
  - wbnns 1y ago
    I think we'll see this soon, perhaps on Tempo, the new L1 backed by Stripe and Paradigm.