Asian stablecoins: The myth of dollar dominance
The following is a visitor submit and opinion from Dr. Jae S. Jeong, Co-Founder and CTO, Gurufin. Today’s stablecoins are an extension of the U.S. monetary system. Backed by the U.S. Dollar, they’re tied to its financial coverage and not directly answerable to its coverage objectives. This allegiance is beneficial to some, however not all….
