What difference does it make to have a stablecoin to adopt that coin you must have 1:1 real currency to back it up which becomes difficult for one. But overall to some extent, I liked your idea and also it's not something new about you that came up. But still, I liked your enthusiasm and keep coming up with such ideas because at one point you might come up with something unique and good one.
And many countries might even not allow you to use their currency as a reserve for some stable coin and what if the world all at once makes collude to not adopt your stablecoin anymore? But still, the stable coin if made the things and products we are buying let's say for 290 PKR = 1 US dollar here. And if you wanted to buy something before the implementation of this idea was of 100Pkr and not you have to pay the same amount but in stable coins. What difference does that make in economy nothing instead of features like mentioning, and making system corruption free and believe me those who are at top do not want there money to be traced by some blockchain technology so they just hate these idea.
Topic: Could stable coins save a deprecating economy - page 3. (Read 400 times)
As far as I know the crypto market and the real market are different things, not everyone uses stablecoins, only certain ones, as well as the crypto market, not all of us use them, so how can stablecoins stabilize the world economy, we are aware that stablecoins only exist in the crypto market, whereas to stabilize the economy there are many things that must be done, that can happen in real activities, not in internet activities.
Things that need to be done to stabilize the economy are:
Quote
Economic stability is the basis for achieving an increase in people's welfare, namely through increasing high economic growth.
Economic stability will be achieved when there is a balance or continuity between domestic demand and domestic spending, saving and investment.
Economic stability will be achieved when there is a balance or continuity between domestic demand and domestic spending, saving and investment.
stablecoins have no impact and influence in achieving the Economic Stability milestone.
Your topic just doesn't make any sense, how can a country introduce stable coins that is backed by another fiat currency and issued by a centralized organization as their main currency. Stable coins aren't automatically stable as the name denotes, there has to be enough reserves to cover whatever is issued, and how stable the coin is depends on the value of the currency it is backed by.
Having said that, the closest thing to what you are saying is CBDC's, and it doesn't help to save a depreciating economy because it has the same value as the fiat currency of the issuing country, just that it is digitally issued. Issuing or printing new currencies doesn't help save a country from inflation, instead it makes things a whole lot worse, the problem isn't the money used per se, but the policies made by the country.
Having said that, the closest thing to what you are saying is CBDC's, and it doesn't help to save a depreciating economy because it has the same value as the fiat currency of the issuing country, just that it is digitally issued. Issuing or printing new currencies doesn't help save a country from inflation, instead it makes things a whole lot worse, the problem isn't the money used per se, but the policies made by the country.
Do you realize that CBDC from a country is just a dummy of their actual fiat so what difference it is going to bring to its users?
Bitcoin ain't save the depreciating economy too but at least its different from something issued by government and there is no central authority to control it either. If a government wants to save them from inflation then they need to make changes in their policies and finding the right thing that will generate more revenue for the government.
Bitcoin ain't save the depreciating economy too but at least its different from something issued by government and there is no central authority to control it either. If a government wants to save them from inflation then they need to make changes in their policies and finding the right thing that will generate more revenue for the government.
Stable coin can not save the depreciating economy. Even if it is Unted States that you are talking about, stable coin can not help. What they will help, fiat is not among. What that helps economy is how productive they are in a nation.
Nothing in life is stable.
Stable coins reduce in value from time to time.
Stable coins and fiat are devaluating assets.
Stability: Stablecoins are designed to be less volatile than traditional cryptocurrencies like Bitcoin or Ethereum. This stability could provide a more reliable medium of exchange and store of value, especially in economies with rapidly depreciating currencies.
If someone's life is stable, did you know what that means?Nothing in life is stable.
Stable coins reduce in value from time to time.
Stable coins and fiat are devaluating assets.
Inflation Control: Stablecoins are typically pegged to a stable asset like a fiat currency or commodity, which could help countries better control inflation and manage their monetary policy especially in African countries.
Fiat like the USD are the inflation themselves. Inflation can not be used to control inflation. Inflation Control: Stablecoins are typically pegged to a stable asset like a fiat currency or commodity, which could help countries better control inflation and manage their monetary policy especially in African countries.
If it's backed by a rapidly depreciating fiat currency then how is it going to control inflation? 
First, op you should consider moving your post to the economy board. It has nothing to do with the beginners and help section.
stablecoins unlike Bitcoin usually stay close in value to a currency like the US Dollar. This means they don't tend to become much more valuable over time, so people may not make big profits like they can with Bitcoin. governments can have rules for stablecoins, which might affect how well they can help when an economy is struggling.
Stablecoins can make things more stable and easy to buy and sell, but they don't work the same way as Bitcoin for making profits. They're better for being a safe and reliable digital way to trade things, rather than for making an economy grow a lot or help save it from inflation.To really help a falling economy, it's important to think about stablecoins as just one part of a bigger plan by the government, but I don't see how this will help save a falling economy.
stablecoins unlike Bitcoin usually stay close in value to a currency like the US Dollar. This means they don't tend to become much more valuable over time, so people may not make big profits like they can with Bitcoin. governments can have rules for stablecoins, which might affect how well they can help when an economy is struggling.
Stablecoins can make things more stable and easy to buy and sell, but they don't work the same way as Bitcoin for making profits. They're better for being a safe and reliable digital way to trade things, rather than for making an economy grow a lot or help save it from inflation.To really help a falling economy, it's important to think about stablecoins as just one part of a bigger plan by the government, but I don't see how this will help save a falling economy.
Introducing stablecoins as a major currency in countries experiencing economic instability is an interesting idea that has both potential benefits and challenges. I don't really know if this would be a good idea but I think this could help many countries that are facing a real currency depreciation.
This are some of the benefits I think I could bring
Stability: Stablecoins are designed to be less volatile than traditional cryptocurrencies like Bitcoin or Ethereum. This stability could provide a more reliable medium of exchange and store of value, especially in economies with rapidly depreciating currencies.
Inflation Control: Stablecoins are typically pegged to a stable asset like a fiat currency or commodity, which could help countries better control inflation and manage their monetary policy especially in African countries.
Financial Inclusion: Stablecoins could increase financial inclusion by providing access to digital financial services for individuals who are unbanked or underbanked.
Reduced Transaction Costs: Digital transactions using stablecoins can potentially be more efficient and cost-effective compared to traditional payment systems, especially for cross-border transactions.
Please share your insights on this topic.
This are some of the benefits I think I could bring
Stability: Stablecoins are designed to be less volatile than traditional cryptocurrencies like Bitcoin or Ethereum. This stability could provide a more reliable medium of exchange and store of value, especially in economies with rapidly depreciating currencies.
Inflation Control: Stablecoins are typically pegged to a stable asset like a fiat currency or commodity, which could help countries better control inflation and manage their monetary policy especially in African countries.
Financial Inclusion: Stablecoins could increase financial inclusion by providing access to digital financial services for individuals who are unbanked or underbanked.
Reduced Transaction Costs: Digital transactions using stablecoins can potentially be more efficient and cost-effective compared to traditional payment systems, especially for cross-border transactions.
Please share your insights on this topic.
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