Yes, stablecoins are viable

GUEST: In 1992, Professor Barry Eichengreen made waves among economists with his book Golden Fetters: The Gold Standard and the Great Depression. In it, he argued that gold-backed currencies caused the Great Depression. Today, Eichengreen is criticizing a new type of asset-backed money: stablecoins — cryptocurrencies like Tether and TrueUSD that are backed one-to-one by fiat […]