Today was a stressful day. Our electrician is Iranian. His wife and 2 kids went to Tehran 10 days ago to visit family. They cannot leave.Tomorrow Tehran is scheduled to shut off the internet. We were able to get her money through an on the ground broker. We had to send TRC-20 USDT which I have avoided like the plague. But after swapping, and defying, and sushi'ing or whatever tf, we finally got her money in hand. Stablecoins shine more than bitcoin in immediate conflict i guess? Can someone please explain why Bitcoin could not have done this? During conflict are people that worried about overnight price exposure? Very surreal experience. I feel like i need to learn ALOT more.
pull down to refresh
related posts
119 sats \ 0 replies \ @cryptocoin OP 21h
Related:
Cyberattack on Iranian Sepah bank claims to have erased bank records
#1008496
reply
5 sats \ 0 replies \ @cryptocoin OP 21h
https://xcancel.com/gladstein/status/1935190674602971504
reply
0 sats \ 3 replies \ @grayruby 21h
You can send USDT over lightning
reply
40 sats \ 2 replies \ @south_korea_ln 18h
That's live and running? I haven't really followed rgb and lightning labs lateat announcements... It's tether partnering with taro?
reply
131 sats \ 1 reply \ @grayruby 15h
I wasn’t sure what was going on with that either but then I searched about it and apparently you can send usdt over lightning with speed wallet. I had never heard of that wallet or used it so definitely not an endorsement. Just relying the info I found.
reply
40 sats \ 0 replies \ @south_korea_ln 15h
I saw the lightning labs logo under their partnerships, so must be taro then...
They also do usdt on eth and tron.
reply
0 sats \ 0 replies \ @spiderman 4h
The apparent success of stable-coins, to me, represents the inertia of status quo, where the USD (or its derivatives) are still more liquid and better recognised assets than Bitcoin.
After all, Iran (unsurprisingly) is not really at the forefront of Bitcoin adoption, and even if someone has like 100 BTC in Iran, he probably has no way to spend it there. So probably they recognise USD more than Bitcoins.
I am not an OG< but all it shows, is that we are still early, very very early.
reply