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MacroVoices #319 Jim Bianco: The Future of Decentralized Finance
Macro Voices
Stable Coins Will Never Work Within the Financial System That We Have Currently
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Stable coins will never work within the traditional financial system. So we're creating a whole new financial system around them, and that's decentralized finance. You create all these protocols that you can go to and trade your stable oins for other coins, borrow against your coins, lend against your coins. And so we're creating an entirely new financial system that is outside of the financial system that we have currently. This has really got regulators around the world very, very worried because, and it's very worried.
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