22 Dec Stablecoin sentences to ponder
Posted at 10:59h in Voluntary Exchange Sources
The real reason people use stablecoins is regulations make it difficult to convert crypto assets to traditional assets. Stablecoins are a creature of regulation in the same sense that money market funds were created in the 1970s to get around government limits on interest banks could pay retail depositors while the economy was running at double-digit inflation.
That is from Aaron Brown at Bloomberg.
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