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Algorithmic stablecoins are fast becoming the norm - protocol-issued dollars coming to every blockchain. Detractors cannot see - currencies are ultimately backed by the economies that use them, and the future is clearly opting to use decentralized and self sovereign stablecoin💰

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Now that there are so many algo stable coins being issued. The SEC is inevitably going to start focusing on them. What actions can be taken to stop them over regulating them? Is there a plan to use the “kill switch” if they really attack UST soon?

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Stablecoins arent securities brah No expectation of profit

1:48 AM · Apr 22, 2022Twitter for iPhone

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Only regulation needed is to make sure stables are backed in some way. Otherwise you will just have US dollars.

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Fertility Ho (Ms. Carriage)

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congrats on the baby, welcome to the papa world hommie

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Much respect but there’s something obvious you’re missing: in the end, a security is whatever they deem to define as a security.

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You don’t think they’re going to try to come after Anchor? Remove that and most demand for UST drops

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Side thought, do you think staking for yield is a security? All seem to come with expectations of profit.

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Nope, that is the equivalent of a very high-paying money market account at the bank.👍

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In the end UST is just an USD derivative and this is a security 😉

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U R DAMN RIGHT