2min chapter

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Stephen Diehl: The Dark Side of Web3, Crypto & NFTs

Value Hive Podcast

CHAPTER

Stable Coins vs Dollars?

Stable coins are a sort of dollar gn of bure derivative products that basically have amans stable val so they peg to ow the value of the dollar, right? And allegedly the kind of backed up by a reserve, real world asset that kind of can be redeemed m return the dollars on demand. So it's not clear to me what the advantages to using a dolla derivative versus just using dollars, right? There are certainly some use ases where companies which can't get banking access would probably want to use some sort of dollar derivative because they exist outside the law. But that's a very, very nices case.

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