Why the world should worry about stablecoins

ft.com

10 pointskevin0614 comments

Anyone interested in a precious metal backed stable coin plus yield?

If yes, what can you bring to the table?

>backed

>stable

>yield

You probably need to rethink this. Where would the yield come from? Who stores the gold? Where's the trust?

Ok, we buy $1m in gold and issue the coins. Gold price tanks, what to do?

The price of the backing asset doesn't matter. 1 oz = 1 oz.

No I don't. PhD and MBA If you bring something to the table I would love to talk to you