Will Digital Currencies Dethrone Or Cement The US Dollar

Neha Narula, the director of the Digital Forex Initiative at the Massachusetts Institute of Technology’s Media Lab, makes the case for digitizing the U.S. dollar. Lawrence H. White, a professor of economics at George Mason College and a senior fellow of the Cato Institute’s Heart for Monetary and Monetary Options, argues in opposition to.

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To summarize here, there's substantial demand for stablecoins to make use of as a liquid unit of account when buying and selling crypto tokens and other functions, substantial demand for decentralized crypto token exchanges and decentralized crypto token liquidity providers, and some demand for token-based gaming/social dapps. Ethereum has an enormous market share of financial dapps while a few of their smaller opponents have sizable market share of gaming/social dapps.