Stable coins play an important role in the crypto-coin economy. We have a few out there, but it sill seems like the wild-west. The foundation of very stable coin is trust. Still not getting a high degree just yet. This may be one area that I would truly value government oversight.
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If you’re dependent on a coin that is dependent on a governments fiat currency, you’d probably find yourself wanting that governments permission... this is the problem with a system that requires trust.
Decentralize it.