3min chapter

Patrick Boyle On Finance cover image

Bank Runs!

Patrick Boyle On Finance

CHAPTER

Why You Need a Crypto-Friendly Bank

The last thing a bank needs is to be accused of money laundering. They would simply rather not deal with suspicious transactions. For this reason, stablecoins like Tether and Terra exist or existed. If you can convert your dollars into crypto ones, you can then buy stable coins that are supposed to always be worth a dollar.

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