RE: The Dangers Of Backed Stable Coins
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Stable coins like Tether still have their uses. It helps stop your money from losing value as there's a low tendency for its price to dump.
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Yes I get that it’s a way to hedge against volatility in the markets and great for getting out of bull or bare markers in crypto and it’s great for doing payments but I’m not a fan of backed stable coins with fiat because then it defeats the purpose since you can just print as much USDT as you want
At least with a DAI you first need to own ETH or Maker so it flows capital into those networks first
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