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It's easy to trade on crypto platforms with stable coins. A lot of people will typically buy tether and then use tether to buy other coins using the exchange of their choice. It works the other way around too when you want to store your value in a predictable form if a currency like bitcoin is doing a dip. Just convert your bitcoin to usdt and hold it there till btc starts going back up.


So it's meant to bypass the slowness of ACH and other aspects of the traditional banking system that the USD is limited by? Interesting.


Also, a lot of banks wouldn't work with crypto companies to provide them liquidity. So, stablecoins came in and said: "we'll be your liquidity!"

It only works if the stablecoins can get you your USD back at the end of the day though, which is what's being tested right now.




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