It's for transferring USD between exchanges without cashing out first. Supposedly, cashing out first costs money and takes time, and stablecoins can do between-exchange transfers faster and cheaper. But then why does it use blockchain? Blockchains are really slow, and transaction fees are bloody huge. There's also no privacy on a blockchain. This doesn't need a blockchain to happen. Why does this bullshit use blockchains?
It's also for keeping your money in a "non-custodial wallet". But that's basically a motherf---ing bank. Just cash out and stick your money in a bank.
It's also for "smart contracts". But BTC barely supports smart contracts.
It's for transferring USD between exchanges without cashing out first. Supposedly, cashing out first costs money and takes time, and stablecoins can do between-exchange transfers faster and cheaper. But then why does it use blockchain? Blockchains are really slow, and transaction fees are bloody huge. There's also no privacy on a blockchain. This doesn't need a blockchain to happen. Why does this bullshit use blockchains?
It's also for keeping your money in a "non-custodial wallet". But that's basically a motherf---ing bank. Just cash out and stick your money in a bank.
It's also for "smart contracts". But BTC barely supports smart contracts.