Post
Topic
Board Altcoin Discussion
Re: This Brazilian Bank Is Using Ethereum to Issue a Stablecoin
by
Zayn_Nazy
on 18/12/2018, 16:25:49 UTC

First of all, many stable coins work on ETH network, USDT and GUSD are part of that list.
Second, a stable coin is just as centralized as fiat and you have to trust the issuer they'll do all the needed things to keep the price stable.
Now, with such silly politicianistic nonsense as in the quoted text, I would clearly stay away from this coin (even more than the other stable coins).


I think this bank just want to some advantages of cryptocurrency to operate their system.