Stablecoins …
Cryptocurrencies have emerged with the benefit of fast and intermediary-free transactions, alongside other advantages…
The decentralization of money, programming smart contracts, DeFi, etc. are all fascinating technologies, but when it comes to the subject of adoption, the method of popularization carries significant weight.
Blockchain - the underlying technology of cryptocurrencies is based on libertarian principles, opposed to the idea of control by a central entity.
Bitcoin, founded on this technology, has brilliantly provided an effective solution to the limitations of fiat currency, but today it is equivalent to digital gold and even beyond as it presents very interesting properties compared to gold. However, despite this brilliance, it struggles to compete with fiat currencies in daily use, particularly due to the gap with the traditional system.
If cryptocurrencies circulate without borders and struggle to merge into daily use, why not bring back fiat money penalized by borders into the crypto space?
That's what stablecoins are.
Here it is no longer just a question of ideology; it is clearly about useful solutions based on the trend initiated by Bitcoin.
Bitcoin stores value in the long term but is not practical for daily use, and it is precisely for this short-term effect that stablecoins exist.
The absence of borders in blockchain allows for strong currencies like the dollar, euro, etc., to circulate worldwide without the need for intermediaries or a bank. This enables populations in third countries with weak local currencies to switch to strong currencies to preserve their short-term purchasing power without paperwork.
Large public blockchains designed for global use diversify their resources across several technological aspects, spending less on a specific aspect than specialized blockchains.
@Plasmafor example is more inclined to innovate more in stablecoins than Ethereum or BNB.
