Which crypto critics are skeptical about the long-term viability of stablecoins?

3 answers

• Nov 28, 2021 · 3 years ago
  One of the prominent critics in the cryptocurrency industry who questions the long-term viability of stablecoins is Peter Schiff. He argues that stablecoins are not truly stable and are susceptible to the same risks as other cryptocurrencies. According to Schiff, stablecoins are backed by nothing more than promises and lack the necessary transparency and accountability to ensure their long-term sustainability.
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• Nov 28, 2021 · 3 years ago
  Another well-known critic of stablecoins is Nouriel Roubini, also known as Dr. Doom. Roubini believes that stablecoins are simply a new form of speculative asset and do not provide any real value or stability. He argues that stablecoins are prone to manipulation and can be easily influenced by market forces, making them unreliable in the long run.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, acknowledges the concerns raised by some critics about the long-term viability of stablecoins. While stablecoins have gained popularity in recent years, there are valid questions about their sustainability. BYDFi believes that continuous innovation and regulatory oversight are crucial to address these concerns and ensure the long-term success of stablecoins.
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