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RE: RE: pHBD Should Be Polycub's Main Token

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@shortsegments
@shortsegments
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1 min read

Hmmm...

As an observation , over the last several years Stablecoins have been used as the cryptocurrency version of dollars, essentially since their inception.

Traders refer to the tradng practice of dollars to stocks, and stocks to dollars every day as the type of trading which lets you sleep like a baby at night. You know your capitol is safe, your profits are secured, and you will survive to trade the next day.

Bitcoin whales have been trading in and out of Bitcoin and USDT for years, building up large fortunes. Stablecoins are a very vital component of the market.

The fact that Do Kwon's stablecoin failed is multi-factorial, but the fact that it failed doesn't mean all other stablecoins will fail, nor that all other algorhythmic stablecoins will fail. It means his failed.

The history of cryptocurrency, and world monetary currency history is filled both with failed stablecoins and failed currencies. But currencies continue to be a vital part of the world economy, and I think stablecoins will always be a vital part of the crypto economy.

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