In this nice podcast it's well explained stable coins vulnerability against US legislation. During Civil War all kind of fiat alternative to dollar disappeared. Before there was not only one stablecoin, but many private coins released by Banks. If a bank wanted to release a new coin had to deposit 90-100% in bonds of new coin emission value. And here there's a problem for stablecoins: https://www.coindesk.com/podcasts/the-breakdown-with-nlw/civil-war-law-stablecoins-illegal
No comments yet