Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: notBradPit on November 10, 2024, 06:37:45 PM

Title: Is USDT used in a DeFi environment?
Post by: notBradPit on November 10, 2024, 06:37:45 PM

I know everyone here knows how vital USDT is in cryptocurrency. Because there were rumors of the US government investigating tether some weeks ago, I happened to discover there's this stablecoin called WUSD that's 1:1 with usd too but claim they bridge the gap in regular finance and decentralized finance but then USDT is already decentralized so why is there a use for a project like this?

Anyone here familiar with the token?

Title: Re: Is USDT used in a DeFi environment?
Post by: NERFEDARTIST on November 11, 2024, 04:37:00 PM

Personally, I don't mind a little competition especially is a space like crypto, and like you pointed out there's concerns with the proposed investigation of tether.

I think at this point the most important reservation I have is whether this one would be sustainable, to be honest there's nothing to suggest that it would not.

Let's see how this one goes.