In essence, regulators see them not as "digital dollars", but rather as an ETF on the dollar, which, if the market grows, could strengthen dollarization and risks for weak currencies.
@DeCenterOrg
Post #7576
133
🤣 The Bank for International Settlements stated, that current stablecoins are crap USDT/USDC do not qualify as full-fledged money, because they DO NOT provide guaranteed exchange at par between different issuers and blockchains.
In essence, regulators see them not as "digital dollars", but rather as an ETF on the dollar, which, if the market grows, could strengthen dollarization and risks for weak currencies.
@DeCenterOrg
In essence, regulators see them not as "digital dollars", but rather as an ETF on the dollar, which, if the market grows, could strengthen dollarization and risks for weak currencies.
@DeCenterOrg