While Terraform Labs is not exactly a bank, it is issuing its own digital cash to make paying for things easier – and it’s about to be backed by bitcoin. This is a big deal for anyone with a vested interest in the Bitcoin system, even if you vehemently reject altcoins (non-bitcoin cryptos; there is another, less flattering term for these).
Just as Hal Finney Predicted, Bitcoin Is Being Purchased to Act as a Reserve Currency
