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Stablecoin is a clever way to add extra layer of counterparty risk and fees over regular assets. It's just extra risk+cost over direct asset as collateral. Cou

by nabla9 1y ago

Stablecoin is a clever way to add extra layer of counterparty risk and fees over regular assets. It's just extra risk+cost over direct asset as collateral. Counterparty risks being realized were the reason why The Subprime Crisis turned into banking crisis. Crypto layer is just modern version of CDO.

andsoitis 1y ago
> regular assets What, in your mind, are regular assets? Or, maybe more clarifyingly, what is a non-regular asset in this context?
- nabla9 1y ago
  In this discussion it's anything regulated that can be bought directly without using "crypto" between them.