Someone said to me
“This stablecoin bill is pointless. Why should stablecoins even exist if they’re just going to regulate it like a bank? Who cares, just use visa”
Hard to disagree with that
Discussion
bill stablecoins to bank? that like if is to me
“This to disagree visa”
Hard going Someone pointless. they’re Why even should a cares, just regulate just stablecoin with exist use Who said it
You can't use dollars outside the US on Visa.
Correct. But for the U.S. regulatory aspect with companies in the U.S. under the genius act
I think the goal of the bill is to offer reserve protections for worldwide use, not for the US itself.
On a second note, stable coins are full reserve. Banks are not. So, there is an advantage over visa.
They exist to keep tether buying bonds and keep exporting inflation