Not ‘Viable’? Berkeley Professor Takes Dim View of Stablecoins in New Critique
Cointelegraph
Published Sep 12, 2018 08:00AM ET
Updated Sep 12, 2018 08:21AM ET
Not ‘Viable’? Berkeley Professor Takes Dim View of Stablecoins in New Critique
A University of Berkeley professor has claimed stablecoins are a “myth” in a new critique published Tuesday, September 11.
Taking the emerging market sector, which includes well-known assets such as Tether (USDT), to task, Professor of Economics Barry Eichengreen argues that stablecoins are not automatically “viable” just because they are pegged to reserves of, for example, fiat currency.
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