Crypto News - Gemini Dollar (Stablecoin)

[Sam Odom]

[jjgold]

[Sam Odom]

Now... if only Offshore will take'em

[jjgold]

sammy crypto dead for a long time now
nobody even talks about it anymore on the news networks
the public long gone from the product and that is a bad thing

[Sam Odom]

sammy

crypto dead for a long time now
nobody even talks about it anymore on the news networks
the public long gone from the product and that is a bad thing

JJ... you haven't a clue what this could mean

[jjgold]

sammy you can send us dollar to anyone instantly tons of platforms now to with a click on phone or computer


stay away from crypto as far as investing you will lose everything PLUS MORE

[chico2663]

sammy ethereum is dying. I held toooooo long.

[Sam Odom]

chico

they are just using the Ethereum network to move the Gemini Dollars

[gauchojake]

Sammy still has pet rocks and beanie babies

[Sam Odom]

not so funny now

[jjgold]

Lol

We are all laughing

[Sam Odom]

Lol

We are all laughing

because you have no clue

[lotuspod]

There are quite a few stablecoins like this one, it's been a popular trend this year for crypto. There are different varieties, each with their own pros and cons...but stablecoins as a whole have some underlying issues which have proven very difficult to solve. Each one has to make trade-offs somewhere, and you should know all of the limitations if you plan on using one. Not sure if it's this one specifically, but one important thing to note is that some only allow for a conversion of about 60% of the usd value.

One other thing to note, with many of these stablecoins competing - there are bound to be collapses, outright failures, and such. They certainly can be a useful tool in some situations, but probably not a good idea to become too dependent on them or to treat them as a long-term store of value.