but then again, PaxG is crypto and it also may go to zero due to shenanigans.
The irony :)
What do you think about other stable coins basket?
Say HBD has 1M in the Curve 3pool?
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but then again, PaxG is crypto and it also may go to zero due to shenanigans.
The irony :)
What do you think about other stable coins basket?
Say HBD has 1M in the Curve 3pool?
Stable reserves make sense for now but I am scared shitlessly of CBDCs and the upcoming stablecoin regulation worldwide.
Stables like USDC should survive but Tether is a different beast... If it goes down the whole market may be pulled down with it.
It's shitty that we don't have truly stable stablecoins and when you look at things realistically, HBD is a lot more stable in that sense since no one can sue it, regulate it or bring it down.
If I was forced to make a pick then splitting the backing into 3-4 baskets would probably be my choice.
25% BTC
25% ETH
25% PaxGold
25% Other stables
Going all-in on any of them is suicide imo.
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