Don't we already have a stable coin pegged to the USD? Why are they launching another one of their own?
>>62666845Bearish for CRCL.
>>62666845They are greedy. Fiat is a meme printed by jews for absolutely free.
>>62666845>>62666849>>62666900They are using XRP
>>62666904They're way too tempted to own the mechanisms themselves. There should be waves of stable coin programmers out by now. Heck, they'll just buy a cloud service for cheap as long they don't buy into someone else.
>>62666845X R P BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!!!!
>>62666845You would work hard for stable coin.
>>62666845>Don't we already have a stable coin pegged to the USD? Why are they launching another one of their own?same reason everyone keeps launching their own chain: individual chains and stablecoins are irrelevant and mutually interchangeable.They are all inherently isolated silos anyway, so might as well build a silo of their own instead of using someone else's silo.What matters is the overarching infrastructure that connects everything.
>>62666904>So it's nothingburger.How fucking difficult is it to just peg a crypto to a fiat? DEBIT's been doing it for decades ffs.
>>62666960not needed
>>62667016It's a redundancy. Stablec coins existing today are tied to the bonds. If a true stable coin is to exist, the only institution that should print it is a Central Bank, like the FED and the ECB and whatever the fuck prints the Chinese and Japanese yen. Everything else is speculation.
