Stablecoins as a Public Good

The current landscape of stablecoins is viewed as ripe for disruption, particularly due to high profit margins being retained by major players like Tether and Circle. These entities generate substantial profits, raising concern over the model where such financial instruments are seen as private profit machines rather than public goods. There is a growing sentiment that stablecoins should serve the public interest and provide financial stability without excessively benefiting issuers. This approach advocates for a model that collapses the existing margins and provides a more equitable distribution of wealth generated from stablecoin usage.