Paul Krugman don start palava about stablecoins wey get wahala for system, as crypto experts dey talk say dem get better use.
Paul Krugman, one Nobel Prize-winning economist, don talk bad again about stablecoins, say dem be like shadow banks and dem fit cause big trouble for di financial system. Krugman say stablecoins no get real use when you compare dem to normal payment systems, say dem mostly help do bad things, and dem fit spoil economic stability if plenty people rush to collect dem and di people wey issue dem come need to sell US Treasuries. E warn say dat one fit make interest rates go up and scatter government debt markets. E still ask why US lawmakers dey rush to make law for stablecoins. But some big people for crypto industry, like Coin Metrics co-founder Nic Carter and Bitwise’s Paul Fusaro, no agree with Krugman. Dem point out say over 100 million people worldwide dey use stablecoins like USDT and USDC for cross-border payments and market liquidity. Dem say stablecoins get important role for crypto trading and international transfers, and dis one show say traditional economists and crypto people dey see stablecoin risks and value differently. As dem dey talk more about regulation, di challenge of balancing new ideas with system risk remain central for how stablecoins go grow and for market stability.
Bearish
Di news wey dey come out now no good for stablecoins and crypto tokens dem, especially USDT and USDC. Na because one big economist tok say dem fit cause big financial problem for di system, and say government fit come put strict rules on top dem. Di warning wey Krugman give about dem no being stable, plus im question about if dem get government support, fit make big traders and people wey dey make rules fear and no want take risk. Even though crypto leaders dey tok say stablecoins get uses, di government wey dey check dem well well and di public wey dey argue about dem fit make dem face heavy rules or make people no like dem again. This one fit affect how much people dey want stablecoin, how much dem dey trade, and how easy e go be to sell dem quick quick for short time. For long time, di uncertainty about government rules and wetin people dey think fit continue to put pressure on stablecoin value and if people go dey use dem, until dem get clear rules.