Tether is getting delisted from EU exchanges.
The wild west days are over! ๐ค
Soon, stablecoins will be well-regulated and audited "pre-CBDCs", or fully-decentralized algorithmic stablecoins.
Up until now, Tether took the de-facto role of the decentralized option (even though it isn't). If it keeps getting shut out of jurisdictions, you'll see massive demand rise up to create truly decentralized stablecoins, almost overnight.
In the meantime, be careful using fully-regulated stables, as they're really banking 2.0. Right now you can do what you want with them, but the restrictions of the banking system will come on them before you know it.
Be prepared.
And as always, use scarce decentralized crypto wherever you can handle the volatility. That's real money.
The wild west days are over! ๐ค
Soon, stablecoins will be well-regulated and audited "pre-CBDCs", or fully-decentralized algorithmic stablecoins.
Up until now, Tether took the de-facto role of the decentralized option (even though it isn't). If it keeps getting shut out of jurisdictions, you'll see massive demand rise up to create truly decentralized stablecoins, almost overnight.
In the meantime, be careful using fully-regulated stables, as they're really banking 2.0. Right now you can do what you want with them, but the restrictions of the banking system will come on them before you know it.
Be prepared.
And as always, use scarce decentralized crypto wherever you can handle the volatility. That's real money.
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