Stablecoin adoption worldwide continues apace despite the bear market and the banking crisis, when some projects lost their dollar peg, Latin American and European crypto specialists said during a recent Spanish-language CoinDesk Twitter Spaces event.
“Although it is true that crypto activity has decreased since the bear market, the participation and capitalization of the stablecoin market has grown a lot,” Liserra said.
marinalammertyn Just not USDC
marinalammertyn Stupidest shit I’ve ever read How does a stablecoin guard against inflation ? It’s pegged to the value of a currency
marinalammertyn Has anyone pointed out the obvious: that Stablecoins tied to fiat currencies DO NOT and CANNOT protect against inflation - ie, it is the fiat currencies, to whose value the Stablecoins are tied, that are inflating?!? 🤷🏾♂️🤦🏾♂️🙄🤥
marinalammertyn A great crypto use case in countries that are facing hyperinflation!