RE: The Gold Standard Myth

1 yr
1 Min Read
134 words

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.

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