#elsalvadorcrypto
elsalvadorcrypto
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The most boring asset in crypto turned out to be the most usefulwhen el salvador made bitcoin an official currency a few years ago, everyone said it was the future of money
and then i looked at the real numbers and it turned out that the money people actually send to their relatives via crypto is almost not $BTC —it’s stablecoins like usdt and $USDC
explain in simple words what a stablecoin is: it’s a crypto coin that costs exactly 1 dollar and doesn’t jump in price like bitcoin or ethereum, so people use it just to send money, not to make money from the exchange rate
The most boring asset in crypto turned out to be the most useful
when el salvador made bitcoin an official currency a few years ago, everyone said it was the future of money
and then i looked at the real numbers and it turned out that the money people actually send to their relatives via crypto is almost not $BTC —it’s stablecoins like usdt and $USDC
explain in simple words what a stablecoin is: it’s a crypto coin that costs exactly 1 dollar and doesn’t jump in price like bitcoin or ethereum, so people use it just to send money, not to make money from the exchange rate
and then i looked at the real numbers and it turned out that the money people actually send to their relatives via crypto is almost not $BTC —it’s stablecoins like usdt and $USDC
explain in simple words what a stablecoin is: it’s a crypto coin that costs exactly 1 dollar and doesn’t jump in price like bitcoin or ethereum, so people use it just to send money, not to make money from the exchange rate
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