Posts

avatar of @taskmaster4450le
25
@taskmaster4450le
·
·
0 views
·
1 min read

Do you think their are any stable coins which are good candidates for replacing national currency?

Depends upon the nation and the currency. There are a lot out there that are nothing to begin with.

Most crypto is looked at like stock as opposed to currency. Hence we are looking at a stablecoin of some sort. The challenge is the USD backed ones are in the same situation, a shortage of USD if they are truly backed (which I doubt). If not, then they will increase the money supply.

Something like HBD has potential since it is something that can expand and contract due to its tie to $HIVE. It is also out of the reach of central banks and governments so the concept could expand like the Eurodollar system.

Posted Using LeoFinance Beta