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Alex Jimenez
Alex Jimenez
@AlexJimenez@mas.to  ·  activity timestamp 6 days ago

A fragmented landscape of bespoke #Stablecoins will serve nobody

During the 19th century’s "free banking era" banks issued their own currency notes. The current proliferation of stablecoins risks repeating the mistakes of this volatile era.

https://www.americanbanker.com/opinion/a-fragmented-landscape-of-bespoke-stablecoins-will-serve-nobody

#FinTech #FinServ #Banking #Payments #PayTech

American Banker

A fragmented landscape of bespoke stablecoins will serve nobody

The real value of stablecoins lies in their ability to provide instant and secure transfers of value. But, in a world where every company has a bespoke stablecoin, that promise begins to break down quickly.
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