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0 sats \ 1 reply \ @TheBTCManual 12h \ parent \ on: A16Z’s Stablecoin Thesis is Wrong bitcoin
I'm with you, also you don't know what you don't know!
When I speak people who use stablecoins it's almost always on TRON despite it not being the cheapest, you're forced to buy TRX and pay $2-$6 a transaction, or stake $1500 worth of TRX to get any meaningful discount on fees and yet people still use it
The way I see it is as more cash balances move over to stablecoins the friction to get them into Bitcoin is lowered. They can use USDT/C now but the dollars purchasing power isn't going to increase YOY so the incentive to move over grows with time
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0 sats \ 0 replies \ @kepford 2h
The way I see it is as more cash balances move over to stablecoins the friction to get them into Bitcoin is lowered.
This is very true and should really be obvious to bitcoiners but its not. Again, not saying USDT is the way or good but it might be a stepping stone along the way regardless if it should be one.
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