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RE: Millions of Crypto Investors Got Duped Into Buying US Debt ๐ฑ
25
@magnacarta
ยทยท
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1 min read
All fiat currency is debt-- USD, EUR, GBP, JPY, ad nauseam. Stablecoins backed by fiat currency are therefore backed by debt. Stablecoins backed by commodities such as precious metals or oil are less popular, but they are safer.
Where's the best place to buy bitUSD? I thought I was doing the right thing by purchasing BUSD first before using that to buy the cryptocurrencies I really wanted. I need to send my cash somewhere, so it may as well be with a decentralized stablecoin.
It's too late for me to upvote this post, so please accept this slice of !PIZZA instead.
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