What Are Stablecoins Really About?
The r/CryptoCurrency community is diving deep into a thought-provoking discussion about stablecoins and their role in the future of money. The core debate centers on a fascinating distinction: separating the functions that money serves from the instruments we use to deliver them.
Decoupling Monetary Functions From Banking Instruments
The bulls here see stablecoins as essential infrastructure. They argue that by decoupling monetary functions (store of value, medium of exchange, unit of account) from traditional banking instruments, stablecoins could democratize access to stable value globally. No need for a bank account or government permission—just a wallet. This could be transformative for remittances, commerce, and financial inclusion.