Stablecoins are cryptofiat. There's no compelling reason to use a stablecoin ove... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		tootie on Nov 28, 2022 \| parent \| context \| favorite \| on: BlockFi files for bankruptcy as FTX fallout spread... Stablecoins are cryptofiat. There's no compelling reason to use a stablecoin over using USD.

mrep on Nov 29, 2022 [–]

But transferring to stablecoins means you don't have a taxable event and thus don't have to pay cap gains /s

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact