this post was submitted on 24 Jul 2025
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[–] e0qdk@reddthat.com 2 points 3 days ago

lack of stable backing

The US recently passed legislation regarding stablecoins. If I understand correctly, they now need to be backed 1:1 by the US dollar or a "low-risk asset". The latter seems dubious to me, but I'm curious to see what will come of 1:1 dollar pegged coins if the US government is throwing its weight around to support the concept...

I can't believe I'm seriously entertaining the idea of using cryptocurrency, but here we are in 2025... -.-