The thing about stablecoins is that they are designed to be stable. When all else fails in the crypto market, $1 should equal $1. That is, until they don’t. Like if you are Do Kwon and your UST collapses by pegging your currency to an overleveraged crypto. Or, until the SEC gets involved and brings instability to the space.
Crypto staking is also in the sights of the government as rumors circle about circle’s USDC. Is Coinbase ready for a battle?
And Senator Cruz may be on to something as he proposes vending machines in the Capital building that take crypto as payment.
We like snacks. And we like you. Thanks for joining us for our Stablecoin Crackdown episode #668 of The Bad Crypto Podcast.
FULL SHOW NOTES: https://badco.in/668
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Do your own due diligence and research. Neither Joel Comm, Zach Comm nor Travis Wright are FINANCIAL ADVISORS.
We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.
We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.
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