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If the US would just provide its own stable coin it would kill all other USD stable coins and there would be no more issues. Who would want tether if you can g
by sschueller 5y ago
If the US would just provide its own stable coin it would kill all other USD stable coins and there would be no more issues.
Who would want tether if you can get government backed USD stable coins?
- paulgb 5y ago> Who would want tether if you can get government backed USD stable coins? People who wanted to hold USD outside of the US's jurisdiction, for one. I suspect this is one reason that apparently “more legitimate” stablecoins haven't caused huge Tether outflows.
- trophycase 5y agoNobody. The alternative to government backed USD stable coins isn't tether. It's algorithmic stablecoins (FEI, FRAX, etc.) and collateralized stablecoins (DAI, MIM, LUSD, DOLA, etc.).
- sanderjd 5y agoAgreed, a USD CBDC is the right answer, but also seems unlikely to happen.
- baby 5y agoIt doesn’t mean that the US stablecoin would be easily usable on different cryptocurrencies, and easily swappable across different cryptocurrencies.