Stablecoins are not just for people who trade crypto anymore. According to @Plasma CEO Paul Faecks stablecoins are the big thing in money, which some people call Money 2.0. Paul Faecks thinks that stablecoins will be a financial system that takes the good things from regular money like being stable and combines them with the good things from blockchain like being fast and open. Traditional ways of paying for things are often too expensive and complicated. They do not work well in all parts of the world. Stablecoins are becoming a choice for people to use in their daily lives for everyday economic things. Stablecoins like these are really changing the way we think about money and stablecoins are going to be a part of our financial future, with stablecoins.
The main point of Faecks argument is that money should be able to move as easily as information.When we send money to countries today it can take a long time even days and we have to go through many people who all want a piece of the action.
Stablecoins are different they can settle in a few minutes on public blockchains and we can send them directly to someone else no matter where they are in the world without needing to use the big banks.This is really useful for people who do business around the world for people who send money back home and for people in places where it is hard to get good banking services.
Faecks thinks that stablecoins are especially good, for global commerce, remittances and emerging markets because they make it easier for people to get the money they need. Faecks also talks about how Money 2.0 can be programmed. This means stablecoins can be put right into contracts. This allows for payments, conditional settlements and real time revenue sharing.
Businesses can create flows that happen right away and are totally transparent. This reduces the work that needs to be done and cuts down on mistakes. For developers Money 2.0 makes money something that can be used like a software tool, rather than a slow system that is outside of their control. Money 2.0 is, like a building block that developers can use to make things.
Trust and regulation are really important to Plasmas vision. Faecks says that stablecoins need to follow the rules and regulations so that a lot of people will use them. At the time they should still be able to work quickly and efficiently like blockchain technology.
Plasma is working on building a system that helps with this. They want to make sure that stablecoins are issued in a way that's safe and follows the rules. They also want to make it easy for these stablecoins to work with the systems that already exist. The goal of Plasma is to bring the new technology of blockchain and the rules that institutions have to follow. They do not think that these two things are against each other. Plasmas approach is to find a way to make them work together. Plasma and its vision, for stablecoins are focused on making this happen.
Another important part of this is that stablecoins are easy to use. People can keep stablecoins in digital wallets without needing a regular bank account. This means that millions of people can now join the economy and use a stable unit of money. Faecks thinks that over time people and businesses will choose stablecoins because they are a kind of money not just because they are a type of cryptocurrency but because stablecoins are simply better money.
In Paul Faecks’ vision stablecoins are not replacing national currencies but upgrading how money works on a global scale. By combining price stability regulatory alignment and blockchain efficiency they form a neutral financial layer that anyone can build on. Money 2.0 is not a distant concept it is already taking shape and stablecoins are leading that transformation.
