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Yvonne Chia
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Is this a Big Bang of #stablecoins? Yes, many new coins, soaring market value...
🤔But wait, veterans like #TUSD have been developing security & ecosystems for years. This bang isn't a start, but part of our continual growth🌱
Bangs are exciting, but foundation is everything.💪
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Yvonne Chia
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❌MYTH #5: Stablecoins are just a passing crypto trend. ✅REALITY: Stablecoins have proven they have real utility and applicability, and aren't just a fad. There has been consistent increase in user adoption, Web2 & TradFi companies entering the stablecoin space, and increased regulatory focus. The signs are clear: stablecoins are here to stay. @tusdio, for one, is in this for the long run. There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting
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❌MYTH #4: Using stablecoins is complicated. ✅REALITY: The technology behind stablecoins can be complex, but using them can be straightforward. Many platforms/wallets make it easy to buy, sell, and use stablecoins. Stablecoins can often be a gateway to digital finance for people new to it. In fact, @tusdio's mission is to make finance open and accessible to all. There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting
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❌MYTH #3: Stablecoins = safe. ✅REALITY: All assets carry risk. Even within stablecoins, security levels vary. Look at the stablecoin's collateralization mechanism, the transparency of its reserves, the frequency of audits (if any!), the credibility of its issuer...These can vary greatly. Among all stablecoins, fiat-backed ones like @tusdio are generally considered to have less volatility and a more stable value. Remember, #DYOR & #NFA. There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting
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❌MYTH: Stablecoins are just for holding. ✅REALITY: Being a stable store of value is only one of stablecoins' many use cases. Stablecoins can also be used for daily transactions, remittances, DeFi lending and trading protocols, etc. More real-world applications are emerging as well! There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting #TUSD
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❌MYTH: Stablecoins are the same as fiat money. ✅REALITY: First, not all stablecoins are backed by fiat. Even fiat-backed stablecoins like @tusdio have crucial differences from fiat money: lower fees, faster transfers, accessibility to people who can't open a bank account in that currency, eg USD. There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting
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