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22 sats \ 0 replies \ @sasasuina 12 Jan \ on: What is the Point of Stablecoins? (Financial Times, Robert Armstrong) econ
Most goods around the world are priced in USD, and stablecoins, as a digital version of USD, take on this role. This is pretty helpful. Until bitcoin is widely used as a way to pay, stablecoins work well as a backup.