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Stablecoin sentences to ponder

Summary:
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. The post Stablecoin sentences to ponder appeared first on Marginal REVOLUTION.         CommentsIn reply to Boonton. Boonton – stablecoins are a 'dodge for ... by Bitcoin Help DeskIn reply to Some Guy. “I think he's still skeptical” ... by mkt42In reply to Rahul. you don't need a bank account to hold ... by heIn reply to Aladdin. So why not just use dollars directly? ... by RahulIn

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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.

The post Stablecoin sentences to ponder appeared first on Marginal REVOLUTION.

Tyler Cowen
Tyler Cowen is an American economist, academic, and writer. He occupies the Holbert C. Harris Chair of economics as a professor at George Mason University and is co-author, with Alex Tabarrok, of the popular economics blog Marginal Revolution. Cowen and Tabarrok have also ventured into online education by starting Marginal Revolution University. He currently writes the "Economic Scene" column for the New York Times, and he also writes for such publications as The New Republic, the Wall Street Journal, Forbes, Newsweek, and the Wilson Quarterly.

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