Post
Topic
Board Trading Discussion
Re: Is it possible stable coins could have their own bank?
by
AVE5
on 31/05/2024, 09:38:54 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?

I may not know about the possibilities for the provision of banks for stable coins but my intake is that it doesn't seem a necessary idea to such development since it's a currency embarking crypto assets. It's also referred as digital currency even though it's not volatile so the possibility of bringing the stable coind in a physical form as the fiats is assumed that the latter could also be achieved in the physical form which is impossible. Hence, the stable coin isn't useful without the cryptocurrencies.