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by MuffinFlavored 1656 days ago
curious, why USDP and not USDC or any of the other alternatives?

also, why didn’t libra/the likes work out?
1 comments
exdsq 1656 days ago
One issue with Libra was Facebook. FB has the user numbers and money to roll out a potentially successful cryptocurrency that's marketed as a currency. Regulators got scared and it got critiqued/shut down across almost every market.
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MuffinFlavored 1655 days ago
why would a successful cryptocurrency scare regulators? bitcoin is "successful". coinbase and popular wallets are "regulated" (reported to IRS, etc.)
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Vespasian 1655 days ago
Facebook controlling what is equivalent to a central bank is scaring regulators. No one wants Mark in charge of the money supply.

Partnering with a project that isn't Facebook helps with that (at least a little bit)

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