Replies (3)

bitcoin is also non-kyc, why not use that instead? people who use stablecoins instead of bitcoin have reasons for doing so I'm just trying to persuade them they are dumb reasons
a1denvalu3's avatar
a1denvalu3 1 year ago
People in the global south use stablecoins because they denominate everything in dollars and are not comfortable with Bitcoin yet. Now if you use a stablechannel that runs on bitcoin rails that's better because they will be on boarded to Bitcoin regardless. It's a temporary measure until everyone values everything in SATs.
i think the usual reason is, that income and expenses are priced in stablecoins, and having bitcoin in that equation is clunky, volatile and expensive if only poeple would earn bitcoin, and goods were priced in sats...