Two Kinds of Stable: Choose Wisely

The popular NFT marketplace Magic Eden has announced support for a new stablecoin called USDB. The coin - which hasn’t launched yet - will be integrated across all of Magic Eden’s apps and services.

These days, everyone seems to be rolling out their own stablecoin, each trying to offer something unique. In the case of USDB, the twist is that it’s being launched natively in the Bitcoin ecosystem.

But do we really need a stable asset in the Bitcoin ecosystem... one that steadily loses value along with the dollar? Bitcoin already offers a different kind of stability: long-term growth.

Past attempts to bring stablecoins to Bitcoin haven’t ended well. Even Tether, which originally launched USDT on Bitcoin, eventually abandoned it due to lack of demand.

Still, there’s a potential upside: a native stablecoin could make it easier for people unfamiliar with Bitcoin to enter the ecosystem.

That said, you don’t need a new stablecoin to make the leap. Just head over to rabbit.io and swap any crypto into Bitcoin - no sign-up, no hassle, always at the best rates.