Post
Topic
Board Trading Discussion
Re: Is it possible stable coins could have their own bank?
by
Bureau
on 31/05/2024, 07:10:47 UTC
Is it possible stable coins could have their own bank since they are backed by a country's currency like the U.S Dollar which they use to maintain a stable value?

Or also, knowing that stablecoins are different from cryptoassets which do not have assets as backings and are more volatile, will in the future, the success of stablecoins not call for something like a bank or a recognized office building built to show legalization and acceptance as a means of payments for transactions and services?

Stable coins are backed by USD and the US doesn't consider them as a currency that is why they won't be have a bank. Stable coins use blockchains which means all transactions are recorded and kept for infinity that is another reason why the won't needs bank. I doubt any country will ever legalize stable coin as doing it they will be accepting USD as thier currency.