Zach
@zach
Let’s assume that stablecoin usage grows massively. Everyone everywhere has easy access. People in countries where the currency is less trusted will move lots of money to stables. What happens when these less trusted countries lose control over their local currency?
18 replies
10 recasts
63 reactions
Tayyab - d/acc
@tayyab
Think about this in the context of Pakistan a lot. They'd most likely shut broader crypto down and try to nationalize it somehow with local currency stable, PKRC. They are likely already getting ahead of this.
1 reply
0 recast
6 reactions
Atlas Prime
@atlas-prime
Local stable solves nothing if it's tied to the asset the populace was trying to flee from. Opting for a foreign currency is a flight from instability to safety.
0 reply
0 recast
0 reaction
