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Crypto was never gambling. It's a wealth redistribution scheme.

I don't trust stablecoins that are built on the same technology, by the same actors, and are then used to facilitate most of crypto's trading volume.

I am not convinced of their backing, and I think it likely that together with the crypto collapse stable coin issuers are going to fall like dominos too.

As for Stripe, they announced that their first customer for this is some Argentinian bike importer. We will see if it's that useful a tool in the future. It's not yet the case.



USDC is 1-1 backed, audited and quite transparent. They won’t run with your money for the same reason your bank won’t do it.


Not quite. The USDC reserve is "attested" rather than "audited" on a monthly basis.

While that particular company might have a good reputation for crypto standards, it still is no bank.

It faces less strict requirements and for example doesn't include an ICFR opinion or recurring supervisory on-site exams.




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