Here is another of our @leomarkettalk daily post. We are here each day to post links to crypto/finance related stuff as well as ask questions.
Today we will focus upon stablecoins. Each day we choose a topic to help the SEO ranking with Leofinance as well as give people a chance to focus upon particular topic.
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The only stablecoin I'm starting to trust is HBD. At least I know the community and dev team (for the most part) behind it and how it's being created. USDT, USDC, etc...who knows? Those things could be backed 1 for 1 or they could be on the fractional reserve racket like our legacy banks. I just don't trust them for storing money. I'll park a little there for short-term waiting but...too many unknowns for me.
Maybe DAI would be okay but I haven't really looked into that much.
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Me too
I have some BUSD to pair with CUB but other than that I'm mostly on HBD. I try to stay in this ecosystem as much as possible
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Terra USD is better than DAI. More decentralized!
DAI is 50% backed by USDC which is centralized.
HBD is even better. ✌
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USDT and USDC could be issued on a 1 to 1 based with fiat USD, but fiat USD itself is a product od franctional reserve banking. Doesn't that affect USDT and USDC as well?
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See? Hard to trust something that is probably backed by a fraction of a fraction. lol
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