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/biz/ - Business & Finance

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56947068 No.56947068 [Reply] [Original]

most trusted stablecoin backed by US treasuries and dollars has been under 99 cents for over an hour now. is this a good sign?

>> No.56947205
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56947205

>>56947068
who cares. there's already a solution to the fiat stablecoin problem. like with everything though, the market needs to learn the hard way.

>> No.56947222

>>56947205
there is a solution to fiat and it's called XMR, much welcome

>> No.56947238

Tether worse

>> No.56947250

>>56947205
If its name starts with A, then why the logo is Lambda?
I think the devs are retarded. Red flag.

>> No.56947258

>>56947068
Just a minor correction. $2 EOY. WAGMI

>> No.56947259

>>56947068
Why does Coingecko say the price is less than $0.99 but all the markets show that it is trading at $1 as normal?

>> No.56947543
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56947543

>>56947259
on days with big fast moves they will often list stablecoins as being below or above peg due to lag and larger variability between prices of different pairs causing the price calculations for stables to get off kilter, its nothing to worry about

>> No.56947722

>>56947543
for once the frog is not a fag, this

>> No.56947745

>>56947068

Stablecoins are even less useful than crypto currency once people stop using it, it'll depeg and never regain it. You should stay away from crypto for few years.

>> No.56948400

>>56947068
Someone is redeeming

>> No.56948417

>>56947222
Trips of truth