Post
Topic
Board Legal
Re: Japanese banks to launch, test stablecoins on ‘Japan Open Chain’
by
jackg
on 05/03/2023, 02:17:35 UTC
I still can't decide how well these might do (even for the trials) and if they'll ever be released normally. I guess there's similarities between so many countries having their own fiat system and it should be a safer method of exchange than fiat (but less safe compared with banking) just looking at the potential for counterfeits to cause a problem.

It also seems weird that 6-12 months ago there were lots of complaints about cryptocurrency being bad for the environment and now a bunch of countries are trying to launch their own unnecessary version of what already exists - also it feels like it'll be EVM compatible because that's either what the devs like or because they can (although maybe there's an NFT plan there).