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raincoletoday at 2:45 AM1 replyview on HN

FYI, when people talk about stablecoins, they usually mean fiat-backed stablecoins, which are coins that are expected to maintain the same exchange rate against fiat currencies, and which is usually just USD. Some literally have 'USD' in their names.

> There's lots of reasons to be concerned about relying on USD.

So no, even if this statement is true it's irrelevant to this thread.


Replies

sigmartoday at 5:35 AM

okay. you realize USDC can be swapped to other currencies in minutes? Do you think Y comb expects founders to just hold the USDC permanently?

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