Post
Topic
Board Economics
Re: When will the role of fiat currency disappear against crypto.
by
topbitcoin
on 14/11/2021, 18:52:30 UTC
Currently, there are many usd-based stablecoins such as, usdt, busd, usdc and maybe many others.  To be honest, I used to think that crypto would completely eliminate the usd's dominance of the world economy but I was wrong, it turns out that usd is now evolving to crypto (stablecoins).  What do you think, whether in the future bitcoin or other crypto can replace the role of currency in each country and leave fiat currencies such as usd, euro, yuan and others.
To be honest, i don't think it can happen. For payment itself, no need to change fiat into crypto but fiat to digital fiat is already enough. Maybe stablecoin i think will remains as an assets when people want to save their fiat into crypto blockchain maybe to use cryptocurrency features which fiat don't have.