I don't know why I'd trust crypto companies with my company's money given the general lack of regulation; outrageous history of massive fraud, scams, security breaches and simply insiders running away with money; short history of these companies; lack of trusted deposit insurance; lack of reversibility; suspicious claims of guaranteed high "risk free" rates of return; and frankly, the general seediness of seemingly everyone involved.

I mean, for goodness sake, "normie"? Come on.

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nailer 12 hours ago | parent [-]

[flagged]

	▲	Aloisius 12 hours ago \| parent [-]
		It mentions it once. More importantly, not only are those regulations not in effect, the final regulations haven't even been written or approved yet - which brings up certain questions about how a stablecoin could be compliant with them. And of course, even if a US-based stablecoin is well regulated, it still doesn't make these foreign "savings" account companies offering guaranteed high rates of return is a safe place to park your money. Everything about it feels scammy. The claim of compliance against non-existent regulations, too good to be true guaranteed high rates of return, companies set up in questionable jurisdictions and the emotional appeals of not being a sucker and fear of missing out? All that's missing is a suggestion that there's a limited time left to act.