A well managed stablecoin retains the perception & effectively the same monetary policy of govt currency, but potentially offers greater benefits. Being outside of the legacy banking system could prevent govt capital controls from being inescapable, causing govt to have to walk things back in order to save face.

Reply to this note

Please Login to reply.

Discussion

How much damage do you think Terra did to the concept of stablecoins?

ALL. But also, none. Definitely also, none…