Coinbase Engineer: Embrace Stablecoins to Strengthen Dollar Influence

IconCryptoNewsTerminal Staff28 Jul, 2024

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Coinbase Engineer: Embrace Stablecoins to Strengthen Dollar Influence

Coinbase senior software engineer yuga.eth recently highlighted the significance of developing a comprehensive strategy for Bitcoin and cryptocurrency in light of the evolving global monetary order. He emphasized that emerging forms of money like Bitcoin are here to stay and that stablecoins present a unique opportunity for the US to bolster the dollar's influence as a reserve currency. These new avenues offer technical advantages over traditional payment systems, and the perception of crypto as a speculative asset is largely driven by misinformation and isolated industry issues. Embracing stablecoins and other digital assets could strengthen the US's position in the global financial landscape.

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