"how do i convert crypto assets into USD without triggering a taxable event?"
the answer was create a stablecoin where you for sure have $1 for each coin so you can always exchange your crypto for dollars.
the problem is all these shady crypto finance people are busy making money off of stablecoins and hoping nobody catches them without enough cash on hand since they invested the USD into assets instead of just holding cash, or when the value went up they minted more stablecoin to sell off and now that the price of the stablecoin is down they don't have the ability to cover their liabilities.
The basic idea to protect against taxes, the extended idea is to enrich every grifter around.
"how do i convert crypto assets into USD without triggering a taxable event?"
the answer was create a stablecoin where you for sure have $1 for each coin so you can always exchange your crypto for dollars.
the problem is all these shady crypto finance people are busy making money off of stablecoins and hoping nobody catches them without enough cash on hand since they invested the USD into assets instead of just holding cash, or when the value went up they minted more stablecoin to sell off and now that the price of the stablecoin is down they don't have the ability to cover their liabilities.
The basic idea to protect against taxes, the extended idea is to enrich every grifter around.