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ROLLUP: Silvergate Liquidate?! | Elizabeth Warren vs. Binance | Bankless 2.0 Announcement | SEC Taking Ls?
Bankless
Why Can't We Use a Stablecoin as the Native Token for Gas?
The question asker is on their journey down the crypto rabbit hole. It's a good place to do. Asking, why can't we do this? Is there some economic or technical reason that chains cannot use a stablecoin as the native token for gas? That was a unique setup which didn't work. In EIP-1559, it formally enshrined Ether as the native currency of Ethereum. So you can't route around Ether. The outside world calls the crypto industry like blockchain. These are blockchains. A chain is actually just one part of a grander system of technologies that combine together and create what we know as Bitcoin orthereum.
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