Yvonne Chia - TUSD

❌MYTH #5: Stablecoins are just a passing crypto trend.

✅REALITY: Stablecoins have proven they have real utility and applicability, and aren't just a fad.

There has been consistent increase in user adoption, Web2 & TradFi companies entering the stablecoin space, and increased regulatory focus.

The signs are clear: stablecoins are here to stay. @tusdio, for one, is in this for the long run.

There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting

❌MYTH #4: Using stablecoins is complicated.

✅REALITY: The technology behind stablecoins can be complex, but using them can be straightforward. Many platforms/wallets make it easy to buy, sell, and use stablecoins.

Stablecoins can often be a gateway to digital finance for people new to it. In fact, @tusdio's mission is to make finance open and accessible to all.

There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting

❌MYTH #3: Stablecoins = safe.

✅REALITY: All assets carry risk. Even within stablecoins, security levels vary.

Look at the stablecoin's collateralization mechanism, the transparency of its reserves, the frequency of audits (if any!), the credibility of its issuer...These can vary greatly.

Among all stablecoins, fiat-backed ones like @tusdio are generally considered to have less volatility and a more stable value.

Remember, #DYOR & #NFA.

There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting

❌MYTH: Stablecoins are just for holding.

✅REALITY: Being a stable store of value is only one of stablecoins' many use cases.

Stablecoins can also be used for daily transactions, remittances, DeFi lending and trading protocols, etc. More real-world applications are emerging as well!

There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting #TUSD

❌MYTH: Stablecoins are the same as fiat money.

✅REALITY: First, not all stablecoins are backed by fiat.

Even fiat-backed stablecoins like @tusdio have crucial differences from fiat money: lower fees, faster transfers, accessibility to people who can't open a bank account in that currency, eg USD.

There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting

It's been an A+ report card for #stablecoins so far this year!🤩

I'm curious:
What do you think will make #stablecoin headlines in the rest of 2024?🔥

#Stablecoins guest-starred at the #Bitcoin2024 conference.😉

💬Donald Trump's speech transcript:

Bitcoin
Gensler
Bitcoin
We will create a framework to enable the safe, responsible expansion of stablecoins
Bitcoin
Bitcoin
Bitcoin...

Did you catch it?👀

Africa's #crypto scene is exploding. 3 headlines today:

🇿🇦South Africa launches Rand-backed #stablecoin
🇳🇬Nigeria will train 1000 residents annually in #AI and #blockchain
🇬🇭Ghana completes #CBDC proof of concept

The question is: Did you see this coming?👀 Let me know below.

Everyone's talking about ETFs, they missed the news on #stablecoins!😲

After 3 flat months, #stablecoin market cap is growing again🔥 We're past $160b now. Keep an eye on this👀

🚨China's secondhand housing prices declined by 7.9% year-over-year last month, the largest decline in history

🏠Thought property was safe? Traditional assets are NOT the definition of stability as people once thought.

Yet another reason the adoption of #stablecoins has exploded. People are looking for better sources of stability.⚓️

🚨Leading Web3 money app Wirex partners digital payment giant Visa

Yet another major partnership bridging the two financial worlds.

Are you 💰Team #TradFi or 🌐Team #DeFi? The most exciting projects now are the ones integrating the two teams. Watch for them👀

@TrueUSD and Wirex have been partners since 2021. I'm thrilled to see our shared ecosystem expanding, bringing our users more ways to use #TUSD!🔥

❓What are we building towards that will change the world?
⚠️Unpopular answer: Mass adoption of #stablecoins

Stablecoins are the unassuming workhorse of the #crypto world, quietly transforming lives through social inclusion & financial security.

Sometimes, this is what change looks like. Not a single loud event, but a groundbreaking transformation steadily sweeping across the globe.🌍

So, if you think nothing's happening, look harder.😉

🚨Study shows Gen Zers are 94% more likely to trust digital assets during economic & political uncertainty.

💡This shows a mindset shift: #crypto is not just for profit, but security. Not just for good times, but challenging times too.

And this is one reason for the rise of #stablecoins—inflation hedge, stable store of value, reliable medium of exchange. This is what the new generation wants.✊

🇻🇪Venezuelans sent >$460M in remittances using #crypto last year, storing & spending in #stablecoins.

❤️The heart of stablecoins is in daily, practical use cases—by families, by the masses.

Stablecoins are not playthings for the rich, but real, pragmatic tools for everyone.🌎

Credit cards: We're capping transaction fees at 0.2-0.3% for another 5 years.

#Stablecoins: So...higher than our gas fees then?😬

(No shade, Visa & Mastercard. Okay, maybe 0.2-0.3% shade😜)

You know what's so exciting about #stablecoins, and #DeFi in general?

💡The innovation is constant. New answers to age-old questions. New questions we hadn't thought of before.🤯

Stable Summit last weekend showed there's so much more to discuss, explore, and create in the future of stablecoins. Stable ≠ stagnant!😎

😱What everyone sees: money going out
Singular incidents like the Germany & Mt Gox #Bitcoin sales cause panic.

💪What we should also see: money coming in
In 4 days, $207M was invested in #AI, #crypto and #blockchain startups. Such events with long-term impacts are less dramatic, but strong indicators of market prospects.

We are still growing, not collapsing🔥 #NFA #DYOR

The Japanese Yen collapse continues as it falls to a new 38-year low against the U.S. Dollar.

🚨Fiat money isn't as safe as we think.

It can be vulnerable to:
⚠️political instability
⚠️intentional devaluation
⚠️overdependence on traditional systems, etc.

For less volatility, try #stablecoins that are pegged to USD and fully collateralized.

Cash isn't king anymore👑

Stablecoin market remained steady in June amidst crypto volatility, the news reported.

Lesson from June:
❌Change is the only constant
✅#Stablecoins are the only constant😉

💭5 Questions to Ask Yourself When Choosing Stablecoins

You've heard that #stablecoins are the future, so you've decided to increase your stablecoin holdings, or maybe get your first stablecoin!

Whether you are a seasoned pro or new to stablecoins, these 5 questions are essential for your due diligence. Take your time, and make an informed choice. #DYOR #NFA

🤔1. What's the purpose of your stablecoin?
Is it for transactions, investment, or a stable asset? Different stablecoins are suited to different use cases. Clarifying your purpose will help you decide which #stablecoin to hold.

⏳2. Short-term or long-term?
Are you planning to sell the stablecoin quickly, or hold it long-term? If you have long-term plans, look beyond the initial hype that #crypto projects often create. Find a stablecoin with a clear long-term vision and commitment to growth and stability.

💰3. Sitting or using?
Will the stablecoin just sit in your wallet, or are you planning to use it for payments and transactions? If you intend to use it actively, seek out stablecoins with strong payment integrations to make sure you can use it conveniently.

💸4. What are the transaction costs?
What costs are you willing to bear? #Cryptocurrency fees can add up fast, with gas fees, minting fees, redemption fees, etc. If you're aiming for cost-efficiency, look for stablecoins with zero minting and redemption fees.

🔒5. How secure is the stablecoin?
Stablecoins vary in security levels. Some are higher-risk, higher-yield ventures. Some are fully attested, fully transparent. Choose a product that aligns with your desired level of security.

Once you have thought through these 5 key questions, you can choose your stablecoin with confidence!💪