Weekly Roundup 02/11/22 (Bitfinex hacked coins recovered, NY Fed attacks Stablecoins, Gofundme bans truckers) (EP.284)
On The Brink with Castle Island
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Are Stable Coins an Unnecessary Use of Liquidity?
Stable coins offer a very different value proposition from anything like a cbd c because they are private. They imitate the qualities of physical cash in the digital realm, whereas every indication we have from the cbd c enthusiasts suggest that they'll be pretty surveiled. I would say that your reaction would the future of payments is stable coins. B it's not the only future of payments, but it's certainly a future for payments. And their critiques of stable coins are totally whack, for lack of better word.
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