What’s going on with stablecoins? | Bernhard Müller, Niels van den Bergh | #LDNBlockchain23

• Stablecoins are not regulated by governments, making them unstable.
• Stablecoins can be fraudulent, and users must always verify the issuer’s reserves.
• Algorithmic stablecoins are not stable and can lead to losses.
• Traditional banking system is unstable due to reserve requirements.
• Stablecoins can be a stepping stone to a CBDC (central bank-issued digital currency).
• Companies should prioritize client’s assets and always keep them secure.
• Regulation is crucial for stablecoins’ success.
• Users should be aware of the risks associated with stablecoins.
• Companies should ensure transparency and accountability.
• The perfect stablecoin has not been created yet.
• The regulators’ rules should exist on the blockchain, not in a separate database.
• Stablecoins can lead to diversification of financial services.
• Companies should not get involved in the management of other companies’ funds.
• The most widely used stablecoin is Terra.
• Users should not trust companies that promise high returns with little risk.

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