[mtlmtlmtlmtl]

How is a stablecoin stable? They're stable until you get rugpulled.

[swalsh]

That was an Algorithmic Stablecoin. USDC is not, it was backed by dollars in banks with a 1:1 backing and 3rd party audited.

[mtlmtlmtlmtl]

Many the mortgage bonds in the 2008 crisis were AAA or AA rated by a "third party". And they were dogshit.

Is it audited by the SEC or some "auditing firm"?

[basch]

I’ll repeat. How is a stable coin a Ponzi scheme.

A Ponzi scheme pays a dividend or share of fake “revenue.” Stablecoins don’t make money, unless lent out.

[Analemma_]

How'd that work out for it.

[EVa5I7bHFq9mnYK]

"was backed" hehe