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Stablecoins are effectively digital money laundering tools. See: https://en.wikipedia.org/wiki/Liberty_Reserve#Criminal_investigation_and_charges https://en.wi

Stablecoins are effectively digital money laundering tools. See: https://en.wikipedia.org/wiki/Liberty_Reserve#Criminal_investigation_and_charges https://en.wikipedia.org/wiki/Liberty_Reserve#Criminal_inves... Why bother using a convoluted blockchain stablecoin rube goldberg machine where you need to jump though several hoops just to use it, when you could use a service like venmo, square, stripe, etc? What use case would justify the need for a stable coin if not for evading the law?

pcr0 9y ago
Cross-border payments is one. BTC was a cheaper and more convenient alternative to Western Union before the tx fees skyrocketed.
- yownie 9y ago
  and still is now that the fees are low again and spam attacks pushed off
chrisco255 9y ago
Simple, just look at ETH. ETH is fully programmable currency. It can be locked away in a smart contract and programmed to disburse based on various conditions. A stable ERC20 token would have all the benefits of ETH coupled with the stability of the dollar. That's an incredibly powerful concept, much, much more powerful than a simple payments API with 2-3% fees BTW.