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Stablecoins and L2 chains have the problem of being unregulated and usually centralized, though. At least L1 chains are fairly transparent and usually Open Sour
by smoldesu 3y ago
Stablecoins and L2 chains have the problem of being unregulated and usually centralized, though. At least L1 chains are fairly transparent and usually Open Source; sending your money over an L2 bridge is a game of trust. Stablecoins struggle in much the same way to lower volatility.
- postcynical 3y agoMonerium/EURe fully complies with EU e-money regulations. There's lots of similar products coming out in EU land, and more and more globally (e.g. euroe.com) Most regulations apply to financial institutions, if your blockchain is provably decentralized (as in, nobody can rug/fraud you from your money), then a lot of regulations do not apply.