Post
Topic
Board Altcoin Discussion
Re: Will stablecoins replace Fiat currencies in the future?
by
Coyster
on 04/04/2021, 02:32:26 UTC
This makes me wonder, will stablecoins replace Fiat currencies in the future? If not, why? Is there a possibility governments will adopt stablecoins as their own instead of launching digital currencies from scratch? Your input will be greatly appreciated. Thanks in advance. Smiley
The thing is, even cbdc's that many countries are on the verge of launching isn't even intended to replace Fiat currency, it's just going to be another "digital Fiat" currency for them, just one that they are going to control and manipulate as they deem fit, which leads me to think that it's somewhat impossible for stablecoins to replace Fiat, is there a way the government is going to be able to solely control this stablecoins? And 'print' more when they feel like? If they can't then how possibly can they adopt it, what our government cares most about is control, and that's why quite a lot of Bitcoiners are in the BTC network cause they get to 'be their own bank' and control their funds themselves without the government being 'in the picture'.