Oh the drama…what a queen he is…
Blackrock is going to be offering trading in crypto very soon.
I guess being outdated does not take being an 80 or 90 year old.
CVS soon enough, although my statement is a forerunner of what will happen not anything official from CVS, taking stablecoins. In the process visa and mc along with Thiel’s PP will take a big hit. Assuming they survive.
definition of stablecoins
Stablecoins were developed to offer the advantages of cryptocurrencies and tokens without the price volatility. They accomplish this by tying their value to an existing currency, one for one. Tether, the largest stablecoin by market cap, is tied to the U.S. dollar; one tether will always equal one U.S. dollar.
You won’t earn any profit through price appreciation with stablecoins, but there are plenty of applications for a coin whose value doesn’t rise and fall by the minute. For some, stablecoins offer a way to hold funds in a crypto exchange and easily convert them into another cryptocurrency, rather than converting from U.S. dollars. Others may use stablecoins to easily send and receive funds globally.
But perhaps the most popular use for them today is in decentralized finance, or DeFi. Essentially, DeFi platforms let users lend stablecoins to others and earn interest in return, all without the need for an intermediary like a bank. What’s more, some platforms incentivize users by offering tokens, such as the governance tokens outlined above, on top of the interest they receive.
Many exchanges have greatly simplified this process. On Coinbase, for example, it’s currently free to convert U.S. dollars into the stablecoin USD coin (USDC), after which it will start earning 0.15% APY. (Note that this rate is subject to change.)