If we really follow that logic, the role that BTC plays now is more like a "anchored asset" at the bottom of a pool?
This is interesting—if the stablecoin system is to truly establish itself, the underlying asset it is anchored to must possess sufficient value capacity first. But here comes the problem: the United States only really brought digital currency to the forefront last year. Does this mean they still have to continue to elevate this "anchor asset"?
After all, in order to expand the pool, we must first make more people willing to jump in. The premise for people to jump in is that the anchor asset itself must appear strong enough and valuable enough.
So is the current price just the mid-game of this chess match?
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TerraNeverForget
· 11-20 05:50
This logic doesn't make sense once you break it down. If BTC really becomes a pegged asset, then how do we deal with its own Fluctuation? Can stablecoins still be stable?
If we really follow that logic, the role that BTC plays now is more like a "anchored asset" at the bottom of a pool?
This is interesting—if the stablecoin system is to truly establish itself, the underlying asset it is anchored to must possess sufficient value capacity first. But here comes the problem: the United States only really brought digital currency to the forefront last year. Does this mean they still have to continue to elevate this "anchor asset"?
After all, in order to expand the pool, we must first make more people willing to jump in. The premise for people to jump in is that the anchor asset itself must appear strong enough and valuable enough.
So is the current price just the mid-game of this chess match?