Fiat-backed stablecoins are no different. Financially speaking, sending someone 100 USDC is no different than sending them $100 via Venmo. In both cases, one user is handing over a claim against a balance sheet – Circle’s versus PayPal’s – to another. From the issuers point of view, each dollar held by its user is just a liability, to be matched against equivalent assets.
BRICS Foreign money Plan Intently Monitored by US, Says Indian Skilled
The U.S. is carefully monitoring BRICS foreign money talks, an Indian professional says, because the bloc advances efforts to cut...
