[Nursie]

> "Stablecoins" or whatever the hell they're called seem like a wickedly efficient way to move money between businesses and countries without paying large fees or having to wait for clearance.

This seems to be 'regulatory arbitrage' rather than anything concrete to do with the tech though. i.e. there's nothing inherent in a stablecoin that can't be done more simply, it's just currently a way to skirt bureaucracy and fees, which are already diminishing in many places.

[angusturner]

Yeah this is what I don’t really get about the stable coin hype.

In Australia for example, we are almost cashless now and most bank transfers are instant and cheap - no blockchain required.

Digital currency is a good idea - unclear what value the blockchain part actually provides?