Reading a reasonable article about crypto in the mainstream media and then get to this line: 

“Even stablecoins, though, have failed to gain much use outside of speculative trading, and the occasional money laundering operation”

Speculative trading of… stablecoins? 😒🤦🏻‍♀️🤣

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Dad, geek, conversation liquidity provider. vrypan.net (home), @l--o--l (fun). devcoin:$lemon3

I’m saying that the whole DeFi (and even CEXes) ecosystem would be much smaller if people could not trade vs stables.

are you saying I’ll put my money in some other token because I think it’s a better trade than keeping it in a fiat pegged stable coin? Quite the stretch but I like the effort to give them an out

To be fair, *if* I wanted to make this argument, it would be that stables are part of speculation as trading pairs. You speculate or leverage vs a stable, for example.

tbf, balaji did take usdc from $0 to $1 during his time as coinbase CTO

This is one of those moments when I wonder: did an AI write this?

It means people use stablecoins to do speculative trading (i.e. as an on-ramp) not that the stable coins themselves are speculative.

And it would be accurate if I had to guess because most major exchanges pair against stable coins for the most part.

I've been holding onto USDT and USDC for years and the price still hasn't gone up.... but next Bull Run I'm going to get rich.  Diamond hands!!