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by doomrobo 1611 days ago
Absolutely not. The reason bank interest is lower is because the FDIC ensures that you get your money if the bank stops existing. If the company backing your stablecoin stops existing, what are you left with? Nothing, of course

This not disruptive. This is just normal investing with all the risks attached
2 comments
tim333 1611 days ago
According to Nexo "Disrupting the financial system, one bit at a time." they have 3 million users on their saving platform. (https://nexo.io/about-us). I haven't used them and am not recommending them but there seems to be something going on there.
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CRConrad 1610 days ago
> not recommending them but there seems to be something going on there.

Isn't that exactly what they said about tulip bulbs too?

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bufferoverflow 1611 days ago
FDIC doesn't have enough money to cover everyone in case of some really bad event. And FDIC is useless when your currency is devalued / hyoerinflated.
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antifa 1611 days ago
What's an example of an event where the FDIC needs to cover everyone, but the blockchain isn't taken offline or worse?
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