Stablecoins
In which Cousin has doubts
Good time of day, humans!
Transcript:
Cousin: — What’s so stable about stablecoins?
Rat: — Their value against the dollar is supposed to be stable.
Cousin: — So it’s not stable against cheese, right?
Meanwhile in Washington, while everyone has their eyes on the «Big Beautiful Bill»…
[CoinTelegraph] US Senate moves forward with GENIUS stablecoin bill
A currency backed by nothing tangible and only exists so long as there is electricity, computers and a functioning internet, all of which would disappear the instant any of these systems break down, sounds great! What could possibly go right?
Cheese would BE more 'stable' than the dollar at this point!
[And that 'stablecoin' bill is very alarming...]