Its good news, I think that more stable coins will bring a more stability in the crypto currency ecosystem. Think about december 2017 when we really only had 1 stablecoin....Tether.
Think about how much FUD was around tether, I believe that back then it was the single most systemic risk to crypto, if it would have imploded it would have affected so many exchanges across several jurisdictions.
So with all these new stable coins out there and being added to many exchanges it really mitigates that risk.
Think about how much FUD was around tether, I believe that back then it was the single most systemic risk to crypto, if it would have imploded it would have affected so many exchanges across several jurisdictions.
So with all these new stable coins out there and being added to many exchanges it really mitigates that risk.
I don't share your optimistic view on stablecoins. The only thing they do is keep adding single points of failure to an ecosystem that was meant to combat corporate influences.
People might not care because they are here to book short term gains only, but I do care about this ecosystem, and I want to see it succeed in every possible way, with the main goal being that we finally no longer depend on fiat currencies only.
How do you know that corporate entities don't print unbacked stablecoins out of thin air and buy up as much circulating crypto supply as possible?
