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108 sats \ 1 reply \ @BlokchainB 15 Apr \ on: Stablecoins as Statecraft - Nik Bhatia for BPI Politics_And_Law econ
  1. Address the DeFi credit multiplication risk through smart contract-level restrictions and enforcement chokepoints that prevent unregulated protocols from recreating the Eurodollar multiplier on blockchain rails.

Yikes! So much control and which chain is this smart contract going to be programmed to.

Sometimes I think people just say these buzz words have zero clue about the engineering.

I think stables are going to fail due to so many different options. Unless they have a universal chain and coin they can be swapped with it seems like it won’t catch on.

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6 sats \ 0 replies \ @Scoresby OP 15 Apr

Stripe and Tether (who as far as I know aren't attempting to work together) both seem to be pushing hard for market share.

Interestingly, Spark connects the two.

Spark is working with Tempo (Stripe's stablecoin offering - #1456361) and just yesterday, when Tether announced their wallet (#1471088, #1471185) they integrated Spark as their way of accessing lightning.

So, are these the nascent beginnings of lightning (or Spark) being the glue that holds all the various stablecoin chains together?

I wonder if I could send USDT from Tether Wallet to a USDC balance in a wallet for Tempo.

That sounds like a bunch of gobledegook, but actually, I think if I could do that, it would be lightning that was bridging them.

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