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by TimJRobinson
1301 days ago
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There is already USDC, USDT, DAI that are all US dollars. I use Argent wallet for payments between friends using them and it is a nice experience (especially because Venmo and Cash both aren't available outside the USA), the friction is sending them to and from a traditional bank account, you currently have to use an exchange - but this will change soon. |
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They would dearly like you to believe that they are dollars.
To date the dollar-backing of USDT at least has not been substantiated and I don't think I know anyone in the cryptocurrency space who thinks any of those are actually real and responsible--they're just trying not to be the ones caught with the bag when the music stops and actual money is called in.