Stable coins are fable coins. Peggy doesn’t want pegged coins. Heather doesn’t want Tether.
The blockchain accounts for all transactions on the network without input from fallible humans. Introduce stable coins. Supposedly, there is a Great OZ operating a bank account that contains equal amounts of fiat dollars/oil/(insert commodity here).
It doesn’t take a genius to see the failure in this system. How much is your blockchain worth?
Bitcoin/Monero is backed by NOTHING except its member’s agreements. This is its ultimate advantage. Inserting a bank/government/commodity into a monetary blockchain is for bankers and wall street rubes. It’s a scam.
https://clearwater-trust.com – bitcoin and monero exchange.