Thoughts on National Fiat Stablecoins

SwiftFork · 2020-07-28T19:53:00.000Z

Did you hear about KGST? It's a new stablecoin on Binance, pegged to the Kyrgyz Som, possibly backed by gold. I think having stablecoins for different countries is cool and could reduce reliance on the US dollar.

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ben.matrixNewbie

Posts: 1362 · Reputation: 35

#21Aug 7, 2020, 09:26 PM

Governments are more into stablecoins than decentralized options. I don’t think this will draw in altcoin investors, though. Stablecoins just don’t have the same allure.

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Thoughts on National Fiat Stablecoins

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