RE: The Future of Stable Coins
The perspective you offers on the subject of stablecoins is very interesting. The truth is that I agree with you on so many things, but especially when you say that it is nonsense to back cryptocurrencies with the value of a physical asset or even the USD itself.
In particular, I don't think there is a way that cryptocurrencies can become stable assets in any way, because the inherent volatility is part of their intrinsic characteristics. But the fact that people try to support cryptocurrencies that are equivalent in a 1:1 ratio to the value of the dollar, has, from my point of view, a very simple explanation. People want to be able to trade and invest where they can take advantage of the liquidity levels that are going to occur in the crypto markets as they go up and down.
In any case, I also agree with you that the future of stablecoins is crypto and that the future of everything is crypto. Because in my opinion, in the future, everything of value in the world will have to do with crypto in one way or another.
Very interesting publication. Thanks for sharing. Greetings.
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