• booly@sh.itjust.works
    1·
    5 months ago

    the legitimate ones that are fully backed

    The other commenter was trying to use that chart to tell us that cryptocurrencies are somehow better than fiat currencies as a store of value, despite their wild swings in value in the most stable one that isn’t backed by fiat currency.

    • prole@lemmy.blahaj.zoneBanned from community
      1·
      4 months ago

      Fully backed by the currency that they are pegged to? They are backed by stable currency. USDC for example