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by canacrypto 1847 days ago
The title is misleading. Bitcoin isn't reliant on Stablecoins. DeFi, is but DeFi !== Bitcoin...
2 comments
yokem55 1847 days ago
While tether gets piped around ethereum between centralized exchanges, few on chain defi applications actually use tether outside of a few stable coin focused swapping apps. Most of the lending and borrowing apps prefer USDC or Dai.
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latchkey 1847 days ago
DeFi now has a plethora of 'stablecoins' thanks to innovation of algo-stables.
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latchkey 1847 days ago
stablecoins enable the ability to exit bitcoin at any time without having to take risk on another equally volatile coin.
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