The Promise and Limitations of Stablecoins for Personal Freedom
In recent times, stablecoins like Tether’s USDT and Circle’s USDC have become crucial monetary tools in countries with unstable currencies, such as Turkey. Citizens in these nations have embraced stablecoins as a hedge against high inflation and an unstable national currency. Stablecoins promise liberation from the constraints of traditional financial systems, but how well do they actually deliver on this promise? This article will explore the potential limitations of stablecoins for personal freedom and compare them to an alternative – Bitcoin.
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