Stable Coins are crypto tokens that are 100% a security contract. The issuer "promises" you the equivalent of $1 USD. These contracts and bank redemption tools are available on the issuer website Terms and Services.
They will be law if backed by 100% US Treasuries or equivalent currency.
They are in essence digitizing the US dollar.
But hold up, this is good for crypto adoption. Eventually crypto will have its own value. Having USD on chain just means crypto prices go up, and wayyyyy up.
USD is a good index until crypto index takes over.
BUT
The US are creating an infinite money printer backed by new US bonds/loans leveraging the future tax receipts of those born in the future, realized now as Stable Coins. There will be 1000s of Stable Coin Issuers.
$BTC $BNB
