Basicly, I'm full agree with you in everything you say on this post. I think stablecoins will become more and more important and prevalent in the future. And, like you, I think that they will not come to replace the dollar as such (as many think), in fact, they will come to reinforce the power of the USD in many aspects. Due while it is true that cryptocurrencies have the potential to replace fiat money at some point in the future (many decades from now), it is also true that many advances will have to come in many areas before that happens.
Because as long as the capitalization base of all existing crypto is, basically, the US dollar (and that is the way how it works and is how everything be at the present time); I think that it will not be possible to believe on that situation. I mean, until that scenario changing, the circumstances will not right for stablecoins to replace the US dollar or fiat money (and honestly, I think we're not even close to anything like that).
Obviously, the banking system and governments (deep down) do not like the idea of any means of payment that compromises their traditional levels of control within the monetary system. But stablecoins are part of the future, and they will not be able to simply decide to stay out of them, or ignore them, due if they do, they will risk also missing out on the benefits they can bring in every way.
As for HBD, I think it has a lot of potential to be one of the most valued and best established stablecoins in the future, if it continues as it goes.
Very interesting publication. Greetings.
Posted Using LeoFinance Beta
The banks and other financial entities hate the fact that they will lose control. They have done well establishing itself as the gatekeeper.
As for the USD, it will be the unit account at a minimum since there are 4 generations of people who understand it.
Posted Using LeoFinance Beta
That is very true. Greetings.
Posted Using LeoFinance Beta