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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.


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1935948416305222020/c:line.svg)

**Related Topics**
[exchanges crypto exchanges](/topic/exchanges-crypto-exchanges)
[exchanges](/topic/exchanges)
[fiat](/topic/fiat)
[woo](/topic/woo)
[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)

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

woonomic Avatar Willy Woo @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.

XXXXXX engagements

Engagements Line Chart

Related Topics exchanges crypto exchanges exchanges fiat woo willy bitcoin coins layer 1 coins bitcoin ecosystem

Post Link

post/tweet::1935948416305222020
/post/tweet::1935948416305222020