She's not thinking this through. Everything will be on the blockchain. The USD stablecoin is just one of many coins. If you can use whatever coin you want, it doesn't matter.
Why do we need stablecoin/blockchain? Money is already digital (ones and zeros), could be gold backed again, and I haven't seen overwhelming evidence that Financial Fraud is destroying financial institutions. Money Printing and Excess gov spending is the real fraud.
It, whatever must be backed by something tangible physical real observable and public by visible means. Precious metals was the standard until 1971.
Imagine hackers hacking or power outages.
Hmmm.
Nothing no matter what will last as humans being humans will Always find a way to corrupt any monetary system devised.
Simple truths.
Gold backed, limited monetary growth only lasted so long. Here we are again with a new system. Gotta laugh…
Not so sure programmable, surveilable, and seizable currency (e.g., StableCoin) is the greatest of ideas. See 2:15 here: https://www.youtube.com/watch?v=s7pSoM2mEnw
She's not thinking this through. Everything will be on the blockchain. The USD stablecoin is just one of many coins. If you can use whatever coin you want, it doesn't matter.
Why do we need stablecoin/blockchain? Money is already digital (ones and zeros), could be gold backed again, and I haven't seen overwhelming evidence that Financial Fraud is destroying financial institutions. Money Printing and Excess gov spending is the real fraud.
I think you are wrong about this.