Melania Trump will Launch an NFT and Blockchain Technology Venture
(media.greatawakening.win)
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It's only the solution to inflation so long as there isn't a coin out there doing inflationary actions.......like USDT aka Tether
Tether is a centralized cryptocurrency, not the kind I'm talking about. USDT was explicitly created to be pegged to the US dollar's price.
Indeed, though consider what would happen if Tether was printing billions of 'dollars' even though the price was still pegged to USD. They could manipulate the snot out of the cryptomarkets, regardless of how decentralized they are. As far as I know, that's what they've been doing. I've also heard Tether is tied to Evergrande. Makes sense to me why Japan is planning to regulate stablecoins
Fair point. Which is why any way you look at it, fiat needs to go. In the meantime, keeping your money in coins like UST (which is pegged to the US dollar) and depositing it into Anchor Protocol gives you 20% APY and beats the rate of inflation, unlike putting it in a bank or holding onto gold.