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In concept, stablecoins might be used extensively for extraordinary funds. However no stablecoins present indicators of performing at scale. Excessive charges, sluggish processing speeds and different obstacles make them costly and inconvenient. Nor are they very secure. By some estimates, a minimum of two dozen stablecoins have failed since their introduction – some quietly, and others loudly like Terra, whose disintegration could have contributed to the demise of FTX.
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