Stablecoins Are a Money Story

The article argues that stablecoins should be viewed primarily as a financial mechanism rather than a consumer-facing product. It emphasizes that the value of stablecoins is intrinsically linked to the underlying assets and liabilities they represent, mirroring traditional monetary systems. The author suggests that the perceived simplicity of digital dollars obscures the complex financial architecture supporting them. Understanding stablecoins requires recognizing their role within broader financial ecosystems and their function as a store of value and medium of exchange, rather than focusing solely on user experience.