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0 sats \ 1 reply \ @notgeld OP 17 Sep 2023 \ parent \ on: The Relentless Rise of Stablecoins meta
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
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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