Stripe CEO Patrick Collison said stablecoins are gaining adoption because they offer businesses faster, cheaper and more reliable payments than traditional systems.
Stripe CEO Patrick Collison said stablecoins are gaining adoption because they offer businesses faster, cheaper and more reliable payments than traditional systems.
So I’ve been reading into stable coins a lot, because I don’t understand why anyone would care about them. And what I’ve come to realize is they are a benefit to two groups:
At the end of the day, it feels like a “true” digital currency would be the better solution, but everyones jumping on Stablecoins because they’re here now and less regulated.
I think there is potential in a more cash-like digital currency, but Stablecoins seem ripe to break in some unforseen way, especially given the current administration.
Edit: Edited to fix formatting.
For whom?
Yeah. Nobody wants to wait around for an imaginary solution from the state. Nobody really wants the state violently attacking their lives. So yeah cryptos are a much better choice for most people and institutions.
For your first question, I think the average person would benefit from a simple digital currency that let’s them exchange “cash” without having to jump through a bunch of hoops. Venmo, Zelle, etc. are all proof that normal people want easy ways to pay each other.
As for your second point, I’m not sure I follow. But I assume you’re implying that crypto is better because it isn’t tied to the state?