Stable Coins Are Still A Shitcoin

Stablecoins are still shitcoins

Stablecoins are funding DEFI.

Yes, stablecoins serve a purpose.

Stablecoins are pegged to the inflation of the asset they represent.

Stablecoins are fragmented.

  • UST
  • USC
  • Gemini Dollar
  • Binance USD
  • TrueUSD
  • And many, many more.

Stablecoins can offer a negative return.

Stablecoins carry third party risk.

Stablecoins carry a tax burden.

Stablecoins can be censored.

Stablecoins are subject to regulation.

Stability is merely a fiat concept, it’s not practiced

Bitcoin is the true stablecoin

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Co-founder of nichemarket, a South African Business Directory and digital marketing agency — https://www.nichemarket.co.za/

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Ché Köhler

Ché Köhler

Co-founder of nichemarket, a South African Business Directory and digital marketing agency — https://www.nichemarket.co.za/

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