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/biz/ - Business & Finance


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13672892 No.13672892 [Reply] [Original]

What's the point of fiat backed stable coins? Why not just hold cash?

>> No.13672930

>>13672892
Can’t trade cash for coins again without it being another unaboidably taxable transaction. Also I think it’s actually completely different regulation to hold cash like that. Exchanges would have to become registered banks.

>> No.13672940

>>13672892
When the time comes, you won't need fiat backing your coins.