Coinbase CEO Starts Fiat-Backed Stablecoin Inflation Discussion
- Coinbase CEO, Brian Armstrong, starts a conversation about fiat-backed stablecoins.
- Armstrong’s tweet got almost a thousand replies within four hours.
- Various Twitter users replied from trolls, promoters, and serious answers.
Fiat-backed stablecoins have been successfully splitting the room in various discussions. With Bitcoin, along with other cryptos being argued to be a hedge against fiat inflation, how does fiat-backed stablecoins fare? This is the topic that Coinbase CEO Brian Armstrong brought to his followers.
If fiat backed stablecoins really become inflation coins (not so stable), then how will we get a coin that is truly stable?
Perhaps something that tracks a basket of real world goods (purchasing power parity) using oracles?
Ideas welcome.
— Brian Armstrong (@brian_armstrong) Read more: https://coinquora.com/coinbase-ceo-starts-fiat-backed-stablecoin-inflation-discussion/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
