The Bad Crypto Podcast Stablecoin Crackdown - Bad News For Feb 16, 2023
The thing about stablecoins is that they are designed to be stable. When all else fails in the crypto market, $1 should equal $1. That is, until they don’t. Like if you are Do Kwon and your UST collapses by pegging your currency to an overleveraged crypto. Or, until the SEC gets involved and brings instability to the space.
Crypto staking is also in the sights of the government as rumors circle about circle’s USDC. Is Coinbase ready for a battle?
And Senator Cruz may be on to something as he proposes vending machines in the Capital building that take crypto as payment.
We like snacks. And we like you. Thanks for joining us for our Stablecoin Crackdown episode #668 of The Bad Crypto Podcast.
FULL SHOW NOTES: https://badco.in/668
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