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Milica Maksimović's photo

Do you think that cryptocurrencies such as stablecoins will become something we'll be able to use in regular stores, or will they remain as a proxy to FIAT?

Jameson Lopp's photo

Infrastructure Engineer

I don't really see the value in using stablecoins for retail purchases; their primary value seems to be for moving money between exchanges or as a short term hedge against the volatility of crypto assets. Credit cards, for example, are likely going to provide a better user experience for payments while being much more scalable. Stablecoins could potentially provide better privacy, though it really depends upon the stablecoin. I'm also generally skeptical of the long-term viability of any stablecoin that it will remain functional and be able to hold its fiat peg.