Hacker News new | ask | show | jobs
by smaryjerry 1393 days ago
Access to banking is limited by the countries governments. If the governments want to make buying US dollars illegal they can make buying stable coins backed by dollars illegal too. Sure it’s a quick way to do forex currency trading, but that is available on the internet already and these coins require access to the internet to be bought and sold as well. They take the same risk that their “dollars” or rather these tokens that represent dollars could be taken from them by their government’s enforcement.