TLDR
Stablecoins are an essential building block of the DeFi concept and have helped us to make decentralised exchanges a reality. Stable coins are an emerging payment rail that will give traditional payment service providers, such as PayPal, banks and credit cards, competition. The Congress and Department of Justice have also indicated that the conduct of business by Tether is going to be a financial disaster for crypto. This is a highly regulated activity as you are printing money from thin air and what Tether has been doing for the past few years has red flags marked all over.via the TL;DR App
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Written by ishanpandey | Building and Covering the latest events, insights and views in the AI and Web3 ecosystem.
