Stablecoins or crypto?

Bloomberg released an interview with Austin Campbell, an adjunct professor at Columbia Business School.

It was a discussion, mainly devoted to the role of stablecoin in the financial system. The interview is complimentary towards the stablecoins and generally quite skeptical towards the "traditional" crypto, WEB3 and DeFi.

It is important to understand the difference between stablecions and traditional cryptocurrencies. Both are based on blockchain. However, a stablecoin with the appropriate fiat security is within the traditional financial system. In fact, the technology of storage and transactions changes, but the economic meaning of a stablecion is not basically different from a fiat.

Cryptocurrencies like bitcoin are actually independent from states and have their own rules of emission and control. Ethereum-style blockchain is a multifunctional financial tool.

Our Forcecoin is a tool with fundamental value as a financial part of the Meta Force platform.

Stablecoins are susceptible to all the ills of modern economics, while decentralized crypto can become the basis for a new financial system and has every chance of gaining a head start in global competition.

#WEB3 #DeFi #crypto #Meta_Force #Forcecoin