🔗 Stablecoins must be programmable to counter CBDCs Decentralization enables programmability — and that allows stableco…

🔗 Stablecoins must be programmable to counter CBDCs

Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies.

Stable-asset issuers articulate that they can make the current monetary system better — primarily in three ways.

📍First, stable assets can help reduce the costs of traditional financial activity, such as decentralized borrowing/lending via decentralized finance (DeFi) and remittances.

📍Second, people in countries experiencing hyperinflation use stable assets as a means to protect their income and stabilize payments, such as through the Reserve protocol in Venezuela.

📍Third, stablecoins can be used for more privacy-oriented payments, such as MobileCoin (MOB).

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