RE: Stable coins announce their backing as community calls for more transparency
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I don't think they can wipe out stable coins but the governments will try their best to wipe it out. The governments don't want to give up control over the currencies. From their point of view, its like various companies being able to use the printing press and I don't think the Fed or the government likes that at all.
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I don't see this as a move to break them, if they were wanting to do that they would be. This is more about brining them in line with transparency. For a block chain network which ultimately relies on trust and transparency they weren't being very transparent.
It's great that everyone can see the money trail now. Also paints a better picture on who is the better stable coin.
USDC has a far better spread.
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Well yes it is and I kind of agree with you. However most of these stable coins are in centralized entities which makes them easy to target by the government. So if the government felt like it, it could give them a rough time.
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