Fiatcoins want to be aggregators, aggregators centralize power
tonysheng.substack.com
Fiatcoins (regulated stablecoins) have dominated conversations these last few weeks with Gemini, Paxos, Coinbase and Circle releasing USD-backed stablecoins. As I’ve written previously, while fiatcoins offer substantial benefits over fiat (e.g. programmability, transferability), they come with the steep cost of potential censorship. But censorship isn’t a business model in and of itself, what is the incentive for businesses to launch fiatcoins?
Fiatcoins want to be aggregators, aggregators centralize power
Fiatcoins want to be aggregators, aggregators…
Fiatcoins want to be aggregators, aggregators centralize power
Fiatcoins (regulated stablecoins) have dominated conversations these last few weeks with Gemini, Paxos, Coinbase and Circle releasing USD-backed stablecoins. As I’ve written previously, while fiatcoins offer substantial benefits over fiat (e.g. programmability, transferability), they come with the steep cost of potential censorship. But censorship isn’t a business model in and of itself, what is the incentive for businesses to launch fiatcoins?
Comments on this post are for paid subscribers