The Booming Crypto Use Case That's Happening Right Now
Odd Lots
Value Dynamics in the Era of Stablecoins
Stablecoin usage is likely to increase in markets seeking dollar exposure, but the value accruing to blockchain token holders remains uncertain. High-throughput chains like Solana may charge low fees, raising questions about the benefits for token holders. The skepticism stems from the complex interplay between emerging financial technologies and traditional banking systems. Major banks may theoretically adopt stablecoin solutions, but such a change would need significant modifications to their legal frameworks and balance sheets. Current bank deposits lack fungibility, creating disparities in perceived value, and moving funds between banks differs fundamentally from token transfers. A streamlined approach could involve banks utilizing trusts linked to stablecoins for easier fungibility, but existing financial structures complicate this possibility.
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