LynAlden on Nostr: Stablecoins have a lot of shortcomings, but the vast majority of people who complain ...
Stablecoins have a lot of shortcomings, but the vast majority of people who complain about the existence of stablecoins themselves have dollar or euro bank accounts and thus aren’t the target user anyway.
Overall, stablecoins are basically offshore dollar bank accounts for people in Argentina, Nigeria, and dozens of other countries with less reliable currencies.
Published at
2024-05-23 18:16:32Event JSON
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"content": "Stablecoins have a lot of shortcomings, but the vast majority of people who complain about the existence of stablecoins themselves have dollar or euro bank accounts and thus aren’t the target user anyway.\n\nOverall, stablecoins are basically offshore dollar bank accounts for people in Argentina, Nigeria, and dozens of other countries with less reliable currencies.",
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