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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. 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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Tyler Cowen considers the following as important: Law
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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. 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
Topics:
Tyler Cowen considers the following as important: Law
This could be interesting, too:
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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.
Comments
- In reply to Boonton. Boonton – stablecoins are a 'dodge for ... by Bitcoin Help Desk
- In reply to Some Guy. “I think he's still skeptical” ... by mkt42
- In reply to Rahul. you don't need a bank account to hold ... by he
- In reply to Aladdin. So why not just use dollars directly? ... by Rahul
- In reply to davie. Agree. It's important to realise that at ... by LivelyClock
- Plus 10 more...