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How is it any different from a bank? (I live in a country with well done digital currency regulation that is comparable to what banks have to do - let's not li

• ptero 4y ago
  Which country and which stablecoin do you have in mind, if I may ask; just curious. A big difference with banks is that in most countries with well regulated banking the government will step in to bail out the account holder in a registered bank if that bank goes under. While most government officials will sing and dance if a stablecoin (which complicates their monetary decisions and, if big enough, can even arbitrage those away) fails. Government support is not the only thing that matters, but it is an important thing to consider when comparing a stablecoin vs fiat.
  • emteycz 4y ago
    No stable coin yet, the legislation is completely new so nobody has caught on yet - but it'd be weird if nobody did. The country is Czech Republic. I really don't think anybody here would dance or sing. The politicians here are positive about Bitcoin, as well as the central bankers.
• ineedasername 4y ago
  >different from a bank Depends on the country. In the US, FDIC insurance requirements mean that depositors will be reimbursed up to $250,000 if a bank collapses, so there's very little risk. If you need more than $250,000 in cash then you should probably have multiple accounts at different banks or park the money in some other highly liquid low-risk assets that are, as much as possible, uncorrelated.