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0 sats \ 2 replies \ @GhostofTruth 17 Sep 2023 \ on: The Relentless Rise of Stablecoins meta
... a further extension of the Fiat Ponzi. Test run for CBDC?
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0 sats \ 1 reply \ @notgeld OP 17 Sep 2023
Stablecoins have more in common with free banking than pure unbaked fiat money. They could be running on gold there are some of them gold-based
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0 sats \ 0 replies \ @GhostofTruth 17 Sep 2023
As I understand it they are backed by ''real'' USD or USTs but the emitting entities are offering a ''yield''. To me they look like the continuation of the Fiat system
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