โญThe Opportunity
Stablecoins like USDT and USDC have become an integral part of the Crypto space. We use them to store non-volatile value, allowing us to maintain the same amount of purchasing power from day to day. In theory, stablecoins are backed by US Dollar - but unfortunately, this means that traditional stablecoins arenโt actually stable since this isnโt how the US Dollar works. The Federal Reserve controls the minting of US Dollars, and itโs fiscal policies have consistently led to the depreciation of its currency. This means that a Dollar today is worth more than a Dollar tomorrow.
This puts the Cryptocurrency industry in a unique paradox: we use stablecoins which are not backed by truly stable assets.
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