Quote from: Betwrong on Today at 11:17:41 AM

Quote from: doomloop on March 26, 2021, 06:56:19 PM

Quote from: cryptoboss2020 on December 09, 2020, 04:11:37 PM

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins

And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

What you have just said now is something you can do with fiat, you can lend the money and get a percentage later, it’s just like a normal thing that people does. But, as for the government making use of the Ethereum platform and adopting stablecoins here, that’s not going to happen and you know that right? It’s never going to happen.

If the government has plans of creating a cryptocurrency (stablecoins) they are going to do so by making use of their own blockchain and not the ones that are available and decentralized. The government will prefer to make use of a platform that they have full control over it.

In that case how it will be different from fiat money? Will people trust it? I think in the future people are going to trust decentralized platforms only, and the governments that aren't okay with their people's demands won't survive.

Government dont their own!!
All they need to do is to regulate USDT.
So Simple!!
They can Say USDT is legit now we accept it.
It seems to me that most of you have not understood how the life works.