Why would that matter? Do you believe that you aren't transacting with USD when ... | Hacker News

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		blhack on Nov 2, 2021 \| parent \| context \| favorite \| on: Report on Stablecoins [pdf] Why would that matter? Do you believe that you aren't transacting with USD when you buy something using the VISA network? Or with apple pay? Or a check?

austingulati on Nov 2, 2021 | [–]

The purpose of the VISA network, Apple pay, and checks is to transact with USD.

bduerst on Nov 2, 2021 | [–]

It matters because you're not using crypto to pay, you're paying US dollars (over ACH). Same with VISA, Apple Pay, and personal checks.

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