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![woonomic Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::13418472.png) Willy Woo [@woonomic](/creator/twitter/woonomic) on x 1.2M followers
Created: 2025-06-20 06:30:45 UTC

@PeterSchiff It's the same reason why gold isn't used to settle trade, we still price everything in fiat.

Stables are a form of psuedo-banking on modern rails, invented to bank the unbanked - crypto exchanges.

They scale with BTC size as the other side of the market's orderbook.


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**Related Topics**
[exchanges crypto exchanges](/topic/exchanges-crypto-exchanges)
[exchanges](/topic/exchanges)
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[willy](/topic/willy)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)

[Post Link](https://x.com/woonomic/status/1935948416305222020)