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10 sats \ 0 replies \ @standardcrypto OP 6 Jul \ on: are stablecoins like USDT / USDC a way to self custody USD? bitcoin
Google AI says no: "If you are looking for full self-custody of USD, you would need to consider other options like holding USD in a bank account "
chatcrumb: https://www.google.com/search?ie=UTF-8&client=ms-android-samsung-rvo1&source=android-browser&q=are+stablecoins+like+USDT+%2F+USDC+a+way+to+self+custody+USD%3F
OK Google sure sure ... one small question though on that note ... is USD in a bank account really self custodial though?
#1024998
If dollars in a bank account are self custodial, how can there be such a thing as a bank run or a bank default? 😇🤪