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The most popular stablecoins aren't trustless, proving the parent's point.
by hocuspocus 2y ago
The most popular stablecoins aren't trustless, proving the parent's point.
- kinakomochidayo 2y agoParent's point is weak - it's not possible right now for people around the world to hold fiat/stocks in their own centralized, custodial wallets due to stringent KYC/AML, and blockchains currently fill that need for stablecoins, and will fill that need for tokenized stocks, treasuries, etc.
- hocuspocus 2y agoAnd again, nobody needs blockchains to tokenize centrally issued securities.