I'm not really an expert on anything crypto, but I very much like the idea of stablecoins as a realistic bridge between the traditional financial system and cryptocurrency technologies.
Honestly I think it's both understandable and sad how aggressive people have gotten about trying to get organizations to "prove" they're adequately backing their stablecoins with cash reserves. It feels like a fundamental misunderstanding that arises from layperson terms vs. legal/accounting terms.
Attestations vs. audits, what purpose each one serves in an accounting sense, and why an organization would opt for one over another; these are conversations I don't see being had, but conversations that, I think, would clear a lot of the frustration and confusion up, on the part of the skeptics.
Attestations vs. audits, what purpose each one serves in an accounting sense, and why an organization would opt for one over another; these are conversations I don't see being had, but conversations that, I think, would clear a lot of the frustration and confusion up, on the part of the skeptics.