106 sats \ 0 replies \ @Jonathan_Adly OP 29 Jun 2023 \ parent \ on: Why, in your opinion, stablesats are not widely used? bitcoin
It is just something that can be redeemed for dollars to someone across the world. No different than what Circle, Tether, whatever does.
Either way, someone has to interact with the fiat system to switch out. Tether, Circle, make money doing that part. Why aren’t there their counterparts where they take derivatives Bitcoin (stablesats) from you and give you dollars? For a 0.5% fee or something.