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100 sats \ 1 reply \ @OT 17 Jun
Interesting perspective on the history of stablecoins.
One thing I'd like to add is that Facebook must be spewing! If the US gov didn't shut Libra down they probably would have been a magnitude bigger than tether.
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0 sats \ 0 replies \ @DarthCoin 17 Jun
Libra was just a distraction...
They just "emerge" into something even bigger and more dangerous that now is trying to sneak into bitcoiners mind as a "new L2" bullshit, named Spark...
Read
https://unlimitedhangout.com/2024/10/investigative-series/the-chain-of-command-how-facebooks-libra-bank-regulators-and-paypal-built-a-new-world-currency/
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0 sats \ 0 replies \ @south_korea_ln 18 Jun
@soggycakes, is that you, Arthur?
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0 sats \ 0 replies \ @cointastical 17 Jun
WTF is Ethena?
Oh, some stablecoin. #3 in rank, just behind USDC. Has about 1% the daily volume of Tether.
https://coinmarketcap.com/view/stablecoin/
Oh, and Arthur's "biggest position and largest generator of absolute return".
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