I mean, if they genuinely have enforced capital ratios (and it seems like USDC does, but Tether who knows), then sure. There’s some weird stuff though in Circle’s S-1 about limited redemption rights for smaller holders. Caveat Emptor.
How exactly are tilapia difficult to substitute? The main limitations to tilapia farming in the US are legal restrictions to avoid them becoming an invasive species, because they do so well here they can potentially crowd out native species, and price competition with imports. They do need either a mild climate or heated water.
lol a very close friend from college literally runs an entire business importing frozen fish like tilipia and selling it in American ghettos. He’s having a rough time.
Well if stablecoins are the 3rd biggest buyer of T-bills, allowing them to be mortgage collateral seems less of a bad idea.
I mean, if they genuinely have enforced capital ratios (and it seems like USDC does, but Tether who knows), then sure. There’s some weird stuff though in Circle’s S-1 about limited redemption rights for smaller holders. Caveat Emptor.
How exactly are tilapia difficult to substitute? The main limitations to tilapia farming in the US are legal restrictions to avoid them becoming an invasive species, because they do so well here they can potentially crowd out native species, and price competition with imports. They do need either a mild climate or heated water.
There are literally entire websites for home tilapia growing where it’s legal. See https://backyardtilapia.com/Backyard_Tilapia_Farming.php
lol a very close friend from college literally runs an entire business importing frozen fish like tilipia and selling it in American ghettos. He’s having a rough time.