There's Tether and USDC, plus a handful of others.
The critical thing at the moment is to be "sophisticated" enough to make the right choice.
In US law, an investor has to prove they have means (money to spare) to do risky things. They are "sophisticated" investors and can afford losses. (This word is used in the law)
The rest don't get to play. So the rest don't know the rules and don't understand contract law.
If you read a contract it defines the rules. Most people don't want to or don't know to do this and, right now, the government isn't stopping them from making these decisions about investment in crypto.
Many people talk about crypto without acknowledging the fundamental nature of investments, because the don't invest (i.e. not "sophisticated"). They want something like their bank. Somebody to make sure they don't mess up and take care of them if things go sour.
If that person is you, leave your opinions aside and keep your money in bonds and mutual funds
There's Tether and USDC, plus a handful of others.
The critical thing at the moment is to be "sophisticated" enough to make the right choice.
In US law, an investor has to prove they have means (money to spare) to do risky things. They are "sophisticated" investors and can afford losses. (This word is used in the law)
The rest don't get to play. So the rest don't know the rules and don't understand contract law.
If you read a contract it defines the rules. Most people don't want to or don't know to do this and, right now, the government isn't stopping them from making these decisions about investment in crypto.
Many people talk about crypto without acknowledging the fundamental nature of investments, because the don't invest (i.e. not "sophisticated"). They want something like their bank. Somebody to make sure they don't mess up and take care of them if things go sour.
If that person is you, leave your opinions aside and keep your money in bonds and mutual funds