Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Could stable coins save a deprecating economy
by
Yogee
on 17/08/2023, 11:18:53 UTC
⭐ Merited by Apocollapse (1)
Inflation Control: Stablecoins are typically pegged to a stable asset like a fiat currency or commodity, which could help countries better control inflation and manage their monetary policy especially in African countries.
If it's backed by a rapidly depreciating fiat currency then how is it going to control inflation?