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Author Topic: 3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Peg  (Read 430 times)

sirty143

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3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining



The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours... See more for yourself here.

Your opinion is greatly appreciated.

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owej90

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Another Fiat-Pegged Token Is Close to Joining


Fiat-pegged stablecoins share the same problem of fiat: they lose purchasing power.
The US dollar currently is losing 8%/year of its purchasing power, so the euro and all other major fiat currencies.
They called them "hard correncies". Not anymore  :D

That means that Stablecoins pegged to the $ are currently losing 8%/year purchasing power. Not very stable if you ask me.
Once the purchasing power stability of these stablecoins is gone, the reason of their existence is gone.

Given that, I think the next generation of stablecoins will be pegged not to fiat but to commodities, first of all gold, and I think the first countries introducing these stablecoins will be countries rich in natural resources.



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