Comment on Wyoming launches first state-backed stablecoin on seven blockchains

supersquirrel@sopuli.xyz ⁨4⁩ ⁨days⁩ ago

The problem here is whatever value the US dollar has, it is decreased by the participation of Wyoming, so why would I want to trade US dollars for a currency hinged only on the negative liabilities the US dollar has?

I guess this coin is for those committed to the blooming collapse of the rural US, who cares if it goes belly up if the landscape you live in is so existentially screwed for water, healthcare and livable housing that money won’t be of any use when shit hits the fan anyways.

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