this post was submitted on 12 Oct 2025
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[–] Knock_Knock_Lemmy_In@lemmy.world 2 points 8 hours ago* (last edited 1 hour ago)

Oh yes. Not all stablecoins are good. But the original point was that crypto was dumb because it was volatile.

USDC is backed by banks and is regularly audited. They are not shady or anonymous.

The downside is that it is that stablecoin are not federally insured, although USDC accounts were bailed out when SVB went bust.