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RE: Stable Coins - What innovation do Stablecoins provide?

in LeoFinance3 years ago

IMO I think stablecoins have an important place in "banking the unbanked" - current fiat money is largely managed by banks that have an overwhelming say in what you can or can't do with your money. Sure, there are problems, but I think there's big potential if stablecoins are done properly. Although perhaps the problem is much bigger than I think it is.

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Do you think CBDC will solve the problem of banking the unbanked?

Posted Using LeoFinance Beta

In my rather uneducated view probably not, since it seems to be regulated in the same way fiat money is. Banks will still assign higher risk values to people who are unbanked and continue to gatekeep them. It's just that now the money is all on a ledger that might be publicly accessible.