reply on: The Interesting Case for the US to Greenlight Dollar Pegged Stablecoins \ stacker news ~econ

pull down to refresh

0 sats \ 2 replies \ @037447d9ca 31 Jul \ on: The Interesting Case for the US to Greenlight Dollar Pegged Stablecoins econ

Tether does not pose any threat to the dollar. Decentralized stablecoins backed by hard bitcoin are the real threat.

0 sats \ 1 reply \ @Cje95 OP 31 Jul

This post doesnt say that at all so I mean read it again?

0 sats \ 0 replies \ @037447d9ca 1 Aug

The post states the obvious: that tether is functional to the status quo. I'm stating that the real revolution can happen with bitcoin-backed stablecoins rather than IOUs backed by treasury bonds.