In a few years Bofa, Citibank and Wells Fargo are going to be offering this.

They will need to, to be competitive.

doomcat meow

Chattie is not a search engine.

But it sure as hell wants you to think of it as one.

Maybe it is simple to you. Maybe it is simple to me.

Interesting that it's not so simple for the models though, I would say.

Chatgpt AI says yes..... with caveats: "If you want digital bearer dollars you fully control—yes, stablecoins can serve that purpose.

But unlike bank deposits, you assume issuer risk. If Circle or Tether fail, insolvency or liquidity issues could jeopardize redemption."

chatcrumb: ... ffs just paste the poll topic in 🙄

OK chattie sure sure .... one small question though on that note. If bank deposits have no risk, why are there bank runs?

Google AI says no: "If you are looking for full self-custody of USD, you would need to consider other options like holding USD in a bank account " chatcrumb: https://www.google.com/search?ie=UTF-8&client=ms-android-samsung-rvo1&source=android-browser&q=are+stablecoins+like+USDT+%2F+USDC+a+way+to+self+custody+USD%3F

OK Google sure sure ... one small question though on that note ... is USD in a bank account really self custodial though?

If dollars in a bank account are self custodial, how can there be such a thing as a bank run or a bank default? 😇🤪

well said.

And there's no reason a future national shitcoin couldn't attempt a similar maneuver.

Looking at you, stablecoins!

I agree with this thesis.

Stablecoins and Bitcoin Treasury companies should be the big winners, for this run, if you want to beat Bitcoin -- always hard to do. (risk adjusted)

Sure some defi shitcoins will outperform, but risk and cognitive load adjusted, better to treat as scams and wall with fire.

Maybe the future of finance is pawn shops.

🤠😇🥸

Those pesky jews, with their annoying uninflatable money. Damn them!