Comment on IBM Unveils Digital Asset Platform as Demand for Tokenization, Stablecoins Grows
phutatorius@lemmy.zip 1 month ago
Can someone explain the rationale for having stablecoins at all?
Comment on IBM Unveils Digital Asset Platform as Demand for Tokenization, Stablecoins Grows
phutatorius@lemmy.zip 1 month ago
Can someone explain the rationale for having stablecoins at all?
BD89@lemmy.sdf.org 1 month ago
That’s usually for people who trade crypto so they stable up during dips or whatever then buy back in.
Personally I think it defeats the whole purpose of a decentralized currency to have it tied to a Fiat dollar. Would be more beneficial to have it tied to a resource of some sort or something similar for some semblance of “stability”. In my opinion, of course.