pull down to refresh
0 sats \ 0 replies \ @DcaSignals OP 7 Dec 2023 \ parent \ on: How risky are Stablesats? bitcoin
Many fantastic insights, thanks.
One could also argue that your money is better protected with USDT and stablesats than with the normal banks and real USD accounts.
Seems like stablesats were created because USD on taproot assets or RGB don't exist yet.
Stablesats are basically a service to the users of blink wallet so that they don't have to swap into USDT or other alternatives based on scoin chains.
This type of service is very usefull for small merchants and individuals who want to keep a portion of their income in a USD account. Lots of benefits such as no fees for sending and holding an account, very minimal KYC, and reasonable exchange rates.