How Global Stablecoins Can Promote Financial Stability in the World

[Tnoy30]

Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets.
In the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins. While acknowledging the potential for enhanced payments efficiency, reports from the Bank for International Settlements, the United States Federal Reserve and, most recently, from the Financial Stability Board all emphasize numerous risks under the banner of “financial stability.”
Read on: https://cointelegraph.com/news/how-global-stablecoins-can-promote-financial-stability-in-the-world

[MrSpasybo]

As far as I can see, USD is a global currency => USDT, TUSD or PAX can completely be a global stable coin.
Stable coins have shown the advantages of price stability, low transaction costs and information security.
However, I am not optimistic about the legal issue, are all countries ready to receive global stable coins?

[KryptoBull]

As far as I can see, USD is a global currency => USDT, TUSD or PAX can completely be a global stable coin.
Stable coins have shown the advantages of price stability, low transaction costs and information security.
However, I am not optimistic about the legal issue, are all countries ready to receive global stable coins?

You seem to forget the Chinese stable coin: Yuan coin. They are planning to release it, probably on multiple platforms such as Ethereum, TRON, Waves, EOS ... If China accepts it, along with their "1 belt - 1 road" strategy then Yuan coin can compete with USDT.

[damsix]

The Federal Reserve justifies cryptocurency (Stable Coin)  because it has the advantage of being a very efficient system for transactions and easy because to send so much money can easily pass through their smartphones, this is what they say.

But the Federal Reserve also regrets that all crytpocurrency (Stable Coin) developers who make promises are not as good as strong security, which is difficult to hack but once hacked then all crytpocurrency (Stable Coin) assets cannot be backed up.
And this differs greatly from the Federal Reserve, if the Federal Reserve gets hacked and they can make unlimited funds back (this is according to what they say).

[Paglamon]

The Federal Reserve gives cryptocurrencies a fair price. Because it is a very popular and easy medium for transactions. Transaction with any smart phone is a very easy method. There are no bad comments about stable coin transactions.

The Federal Reserve is a little disappointed with the stable coin. Because almost all cryptocurrency developers do not guarantee wallet security. For this reason, if a stable coin is hacked, it cannot be recovered. The Federal Reserve is able to recover a stable coin once it has been hacked.

[jonathancool220]

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Indeed it is like that friend, the Federal Reserve does not want any other party to interfere in their efforts to generate Trillions of USD in money throughout the world controlled in one institution.

While stable coins are not created by the Federal Reserve, so how long will they not accept cryptocurrency.
There are only positives because so far USDT, TUSD, USDC, BUSD, PAX all still have the same ratio as USD, so this is in my opinion still normal and still protected by investors' money in stable coins from crytpocurrency.