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The only future for that I can think of is state or large institution owned stablecoins. But that is so far removed from absolutely everything crypto and web3 p
by kodapoda 3y ago
The only future for that I can think of is state or large institution owned stablecoins. But that is so far removed from absolutely everything crypto and web3 promised, I wouldn't even put that in the same category. No public ledger, not decentralized, not an alternative to banking, etc. I still don't understand the difference between having $10 in PayPal vs having 10$ in PYUSD.
- justapassenger 3y agoIt’s much easier for the owner of PYUSD to inflate their assets and be insolvent without customers knowing about it. That’s it.