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0 sats \ 1 reply \ @nout 9 Apr 2022 \ on: TARO BIP? bitcoin
Having USD universally available outside of US would be a huge deal for many people in the world. USD is more stable than most of other currencies, so that would be a clear win for people in Africa, parts of Asia, etc.
Some people just can't afford going cold turkey into BTC. If you live off a business with thin margins and you would go BTC only, then the current volatility of BTC can make you bankrupt/insolvent in a day...
Essentially enabling the world to have actually stable stablecoin is moving from 0 to 1. It makes it much easier to jump from 1 to 100 by moving to Bitcoin later :)
Interesting take! How is the audit done for the stable coin by the way... who controls how it is issued?