This is bullshit and you know it. Source: savings accounts. | Hacker News

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		eric_cc on May 12, 2022 \| parent \| context \| favorite \| on: Tether starting to lose its peg too, after Terra d... This is bullshit and you know it. Source: savings accounts.

capitalsigma on May 15, 2022 [–]

Savings accounts are not speculative investments that are expected to appreciate over time. They are for people to store easily accessible money in, so that they can spend it in the future. Nobody is banking on selling their USD to someone else at a 2x markup in the future.

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