Not sure why your down voted. I have used them before to transfer money and works fine. It's exactly why it exists. I wouldn't store money there, but for transfers and transfer out, they work perfectly fine.

[–] ChairmanMeow@programming.dev 7 points 15 hours ago (3 children)

It's because supposed stablecoins often also end up being scams.

[–] HeyJoe@lemmy.world 1 points 13 hours ago (2 children)

Yeah, i get that. But the 2 mentioned are fine and not going anywhere unless something catastrophic happens. I wouldn't use some sketchy ones either.

[–] urbeker@programming.dev 5 points 10 hours ago (1 children)

Lol Tether a company that claims to have $100 billion in reserve to back its currency but has never had an audit. Nothing sketchy about that at all.

[–] HeyJoe@lemmy.world 2 points 9 hours ago

It's been around for 9 years now. I use it sometimes for transfers, and that's it. It's not an investment I'm looking to throw money into and hope it doesn't go belly up. If you really look, I'm sure you're right. Probably all of them do some level of unethical to illegal activity. I am just commenting on the fact that to use the stable coins for transfers it's going to be pretty safe and I am not worried about it, unlike the pump and dump coins that pop up.

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