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Five perspectives on stablecoins. Evaluating the state of the academic… | by Nic Carter | Medium

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Evaluating the state of the academic and policy discourse

Evaluating the state of the academic and policy discourse 31 min read May 6, 2024 -- At this point, stablecoins are a demonstrated success — crypto’s first killer app. The data on this front is abundant and increasingly clear. As I have argued, stables have dollarized the crypto market, and they are crypto-dollarizing a whole host of economies, particularly in emerging markets. There is an important discussion to be had about the long term prospects for native tokens like Bitcoin, Solana, or Ether in a world where almost all transactions on chain are settled in stables, but that is a…

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