What is Circle USDC trying to achieve by calling on US government to take down stablecoins that are not maintaining the 1:1 peg with the dollar?
What is Circle USDC trying to achieve by calling on US government to take down stablecoins that are not maintaining the 1:1 peg with the dollar?
everybody with different agendas
Their agenda is biased
It is trying to monopolize the market. Circle already filed for a banking license. It wants to become the main player.
But USDT came to the market first, and has never attack other stablecoins.
Well there are questions as to the holdings of Tether. So it is a ploy.
And look who invested in Circle...it is Venture Capital money.
Venture capital money, is it owned by the US government?
No. It is money use to finance startups. Read this.
https://leofinance.io/posts/@leoglossary/leoglossary-venture-capital-vc
Good, let me read to know more about it.
That is what it is there for.
Circle wants moar market share and business. Business as usual... Maybe "The others are not stable with the dollar ($1)" type of play.
If others are not stable with the dollar, does that have anything to do with circle, I guess they are just being greedy.