There’s plenty of trustworthy stablecoins now. And lending platforms have far better yield than a tardfi savings account.
You don’t even need to speculate on some volatile token to move your savings onchain. Do it for the usd rate.
You’ve hit on another problem with the industry, and that is the fact that we are focused on the speculative network or project coins when retail would benefit so much from the network without changing their unit of value. They can just use USD.
We need to stop trying to sell Bitcoin as store of value or eth/sol as gas and start just onboarding usd.
My issue with stablecoins are that pretty much nobody actually accepts them for payment, whereas I can usually find someone to accept Bitcoin, ETH, or Monero, and of those, Monero is my favorite (less speculation, low transaction costs, privacy).
If stablecoins were commonly accepted, I’d probably use them for payment.
Payments is a beast of a final boss. I don’t use any of em for payments often at all. I just store value there. Like a brokerage account. And my business treasury.
If you’re into this space and not a Solana lover, you have to check it out. Huge ecosystem. All the large caps bridged as SPL tokens. Fast confirms. It makes defi fun and as responsive as a brokerage account or banking app
There’s plenty of trustworthy stablecoins now. And lending platforms have far better yield than a tardfi savings account.
You don’t even need to speculate on some volatile token to move your savings onchain. Do it for the usd rate.
You’ve hit on another problem with the industry, and that is the fact that we are focused on the speculative network or project coins when retail would benefit so much from the network without changing their unit of value. They can just use USD.
We need to stop trying to sell Bitcoin as store of value or eth/sol as gas and start just onboarding usd.
My issue with stablecoins are that pretty much nobody actually accepts them for payment, whereas I can usually find someone to accept Bitcoin, ETH, or Monero, and of those, Monero is my favorite (less speculation, low transaction costs, privacy).
If stablecoins were commonly accepted, I’d probably use them for payment.
Payments is a beast of a final boss. I don’t use any of em for payments often at all. I just store value there. Like a brokerage account. And my business treasury.
If you’re into this space and not a Solana lover, you have to check it out. Huge ecosystem. All the large caps bridged as SPL tokens. Fast confirms. It makes defi fun and as responsive as a brokerage account or banking app