Stablecoins are the most used product in crypto and the least understood.
What they are: digital dollars. 1 USDT or 1 USDC is meant to equal 1 US dollar, backed by cash and short term treasuries held by the issuer.
Why they matter: Chainalysis says stablecoins now make up 96% of person to person crypto transfers within countries. Cross border stablecoin payments grew 77% in a year. This is real money movement, not speculation.
What changed this month: the Fed proposed rules for payment stablecoins. Regulation sounds boring, but it is exactly what lets banks and businesses use these rails at scale.
Risk to remember: a stablecoin is only as good as its reserves. Stick to the large, audited ones. A 20% yield offer on a "stablecoin" is the oldest trap in the book.
Do you use stablecoins for savings, trading, or payments?
#FedProposesPaymentStablecoinRules #Stablecoins #CryptoEducation $USDC $BTC
What they are: digital dollars. 1 USDT or 1 USDC is meant to equal 1 US dollar, backed by cash and short term treasuries held by the issuer.
Why they matter: Chainalysis says stablecoins now make up 96% of person to person crypto transfers within countries. Cross border stablecoin payments grew 77% in a year. This is real money movement, not speculation.
What changed this month: the Fed proposed rules for payment stablecoins. Regulation sounds boring, but it is exactly what lets banks and businesses use these rails at scale.
Risk to remember: a stablecoin is only as good as its reserves. Stick to the large, audited ones. A 20% yield offer on a "stablecoin" is the oldest trap in the book.
Do you use stablecoins for savings, trading, or payments?
#FedProposesPaymentStablecoinRules #Stablecoins #CryptoEducation $USDC $BTC