zlacker

>>shscs9+(OP)
Stablecoins make a lot of sense in countries like Argentina where the national currency is a shitcoin. But YC doesn't fund startups in Argentina. Stablecoins can also be used to pay remote employees but that should probably go through an employer of record so that people aren't paid under the table. This sounds like more crypto for the sake of crypto.

>>wmf+hp
Argentina got there with huge tariffs and excessive spending. Good thing the US would never do crazy stuff like that, right? Also the US government is currently debasing USD to increase exports as well as instituting currency controls. There's lots of reasons to be concerned about relying on USD.

>>sigmar+Fs
FYI, when people talk about stablecoins, they usually mean fiat-backed stablecoins, which are coins that are expected to maintain the same exchange rate against fiat currencies, and which is usually just USD. Some literally have 'USD' in their names.

> There's lots of reasons to be concerned about relying on USD.

So no, even if this statement is true it's irrelevant to this thread.

>>rainco+Yu1
okay. you realize USDC can be swapped to other currencies in minutes? Do you think Y comb expects founders to just hold the USDC permanently?

>>sigmar+hM1
Sure, you can swap a USD tethered stablecoin to another currency. You can also do that with USD itself. What is the value add of injecting an extra step by first converting your USD to stablecoin?