That is what some people are saying. But I don't agree with them as I don't agree with their paranoid arguments. Why should they be afraid of stablecoins when stablecoins are founded on the very price of their own fiat itself? The price of USD falling also means USDT falling. USD dies and USDT also dies.
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I agree....
The part of cryptocurrencies in the global economy is exaggerated. And stable coins + KYC should not be perceived as cryptocurrency in its purest form.
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However, stablecoins such as Libra may really destroy the financial system. But still the fact remains that these coins derive their value from fiat. They share one heart and soul. They kill the system, they kill themselves.
And this is doubtful However, stablecoins such as Libra may really destroy the financial system. But still the fact remains that these coins derive their value from fiat. They share one heart and soul. They kill the system, they kill themselves.
. To do this, this asset must cover as many areas of life as possible. Do they have plans for this?