โญThe Opportunity

Stablecoins like USDT and USDC have become an integral part of the Crypto space. We use them to store non-volatile value, allowing us to maintain the same amount of purchasing power from day to day. In theory, stablecoins are backed by US Dollar - but unfortunately, this means that traditional stablecoins arenโ€™t actually stable since this isnโ€™t how the US Dollar works. The Federal Reserve controls the minting of US Dollars, and itโ€™s fiscal policies have consistently led to the depreciation of its currency. This means that a Dollar today is worth more than a Dollar tomorrow.

This puts the Cryptocurrency industry in a unique paradox: we use stablecoins which are not backed by truly stable assets.

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