Stablecoins, assets that are centralized already really should be Chaumian e-cash. Why bother with a cumbersome database like a blockchain when the trust model is fundamentally the same?
Discussion
Probably because they want the back doors and ways to control the coins if necessary.
I'm sure they watched the DAO hack rollback and thought "we want this".
I agree. Fiat has impoverished so many, especially the global south...it is too much of an oversight for those boosting tether's use case to not step back and think from this perspective that you state. The solution must be built on top of btc and not fiat. If that solution provides less price volatility, so be it but tether cant be humoured as anything other than a direct extension of the fiat ponzi scheme and it will end up hurting the most those very people that tether boosters purport it helps.
tether is just another competitor to Mastercard and Visa et al. One with existing integrations with bitcoin.
i agree, it could just be a chaumian coin, but that would limit the surveillability options.
Ethereum uses account model so it's as good as an identity card.
Seems like ecash isn't getting the attention that it should be getting.
With my limited knowledge, ecash seems like a better option than liquid.