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STABLECOINS THE MOVING PIECES OF THE CRYPTO WORLD

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@pouchon
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When you look at the top 10 crypto currencies, you have two tokens leading the list. #usdt and USDC. Both of them are doing the heavy lifting in the market. At first I did not know the real use case for stable coins. I know their usability as a whole but I do not see the intrinsic value for you and I unless you are a whale.

Another way I see why they are needed, with stable coins you can exchange and grab your profit from another token. They provide liquidity in the market where it could be impossible to move funds around. As your pile is getting big, you see why they are important and why you should use them. Sometimes you have no choice but to use them to move tokens around.

I use both of them to acquire some Hive. It is a lot faster to exchange with them knowing you will have to pay your fair share in the process. Due to the rise and the amount of tokens they hold, regulations has come knocking. This is the case for #circle the company behind #usdc. I can see how far control is coming to crypto. Whoever control the money, command. #circle is a private company coming to the circle of where big funds can be moved easily with a push of a button where if you have to do a wire transfer, you have to wait maybe days and pay way more than a simple move through crypto.

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In order to remain in compliance #circle has revealed the funds that allowed them to run their business. The US dollar is on top at $13.4 Bn in cash and the many derivatives of the US dollar that totaled of $22.2 Bn. So there you have it. You need money to make money. It has become clear for the years to come the power to move money is moving away from one entity and be transferred to the world.

Hard to know how the big controlled governments will appreciate this movement. This is in couple of words why crypto is doing slowly. The Wealth gap has been so wide due to one party controlling everything vital for everyone. It remains to be dictate what will happen to #usdc or #usdt in the long run. As long they are paying their due and all parties are happy expect to see a different kind of regulations where you and I are penalized in the future.

The good part of all of this, they cannot regulate crypto. They can regulate us the end user. As long we play the game nice and find ways to stay afloat we all should be fine. Freedom and Liberty always find themselves in the same sentence but at the end of the day limit has its part to realize what we always wanted, the incoming of abundance. Keep stacking them vests while you can

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