An important feature of (some) crypto stablecoins is that they function like cash.
Cash is fungible. And cash in my wallet is not subject to being frozen like a bank account.
One can argue the merits of a digital cash for society. But a crypto-based digital cash is fundamentally different from a digital bank-based payment system.
Cash is fungible. And cash in my wallet is not subject to being frozen like a bank account.
One can argue the merits of a digital cash for society. But a crypto-based digital cash is fundamentally different from a digital bank-based payment system.