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Author Topic: The difference between Stablecoins and Digital Cash  (Read 428 times)

ValueFirst

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The difference between Stablecoins and Digital Cash
« on: June 10, 2022, 10:01:44 PM »
Although Stablecoins can be collateralized by fiat currency 100%, digital cash is always an exchange of 1 fiat currency for 1digital equivalent more like a CBDC, in this regard every Digital cash owner is identified and associated with every particular digital cash, in other words, they are always account-based identity issued they are most suitable for bridging fiat to Crypto/DeFi but unlike Stablecoins they can never be unpegged, it simply does not matter because you will always be able to exchange 1 Digital Cash for 1 Fait currency it represents like
1USD: 1DigitalDollar
1Euro: 1 DigitalEuro etc.
Do you know anyone who does this other than fluid Digital Cash https://fluid.ch/our-products/digital-cash/?
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The difference between Stablecoins and Digital Cash
« on: June 10, 2022, 10:01:44 PM »


jhm

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Re: The difference between Stablecoins and Digital Cash
« Reply #1 on: June 11, 2022, 12:15:28 PM »
Bit of a thin line between the two, IMO. However, I get your point

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Re: The difference between Stablecoins and Digital Cash
« Reply #1 on: June 11, 2022, 12:15:28 PM »
:)

ValueFirst

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Re: The difference between Stablecoins and Digital Cash
« Reply #2 on: June 14, 2022, 06:36:04 PM »
However, if you look at it from the perspective of regulation, Digital cash is likely to meet regulatory requirements more easily than Stablecoins. Because
1. It is represented 1:1 by 100% fiat currency
2. The currency is held in Treasury that is verifiable every time
3. The amount in circulation is never allowed to be more than the amount of fiat held in the treasury
4. This is further insured to ensure all foreseeable risk is prevented
5. And so peg or unpegged you will always  have 1 fiat currency for your 1 Digital cash

Digital Cash is Private sector CBDC kind of.
https://Fluid.ch - The Bank Alternative
app.fluid.ch - The easiest way to get in and out of Crypto
Digital Cash - https://fluid.ch/our-products/digital-cash/
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