Until the controversy is settled, we are always going to see attacks from the establishment. This means we just have to be resilient in what we are doing.
This is a race to see who can get to the finish line first. Governments and banks basically want the status quo while those into technology (and freedom) see the potential. We just need to keep developing and expanding.
That is what will lead to bigger numbers. At some point, this will be too big to stop.
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Sometimes I perceive the race as between intercontinental giant institutions and governments. It's as if they are waiting for a move from each other to show up. However, I'm concerned a lot about Tether and the stablecoins printed by exchanges. They may deal with law-suits due to any regulation.
USDC, contrarily, is owned by Circle. Recently Visa had an agreement with Circle ower the use of the stablecoin for a separate debit card to be used between "Visa-friendly" companies. Although this agreement did not attract attention in crypto ecosystem, it's a brave move to take risk by Visa and Circle because they agreed on value created by an institution and backed by the USA fiat money.
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That is all true. I think we can add in the Diem with the Facebook conglomerate to the equation. It will be interesting to see how that affects things. Will they be allowed to operate without blowback? How much will they affect other coins already in that space?
They too are looking to back the Diem with USD.
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