Mark Hays' recent opinion piece in CoinDesk titled “Stablecoins Are Not Worth the Risk” is off-base, both in describing the risks and by dismissing the benefits of these novel financial assets. A properly designed dollar coin is safe and desirable, especially for the very people Mr. Hays, a senior policy analyst at Americans for Financial Reform, aims to protect.
Omid Malekan, an adjunct professor at Columbia University Business School, is the author of several books including “Re-Architecting Trust: The Curse of History and the Crypto Cure for Money, Markets and Platforms.”
Publication from: CoinDesk
Read more on the Edge below:
Dollar Stablecoins Are Great for Users and the US Government