3 years ago

My home country is going through a tough time. The government is debasing the money while at the same time tightly controlling people’s ability to exchange into dollars.
It is no wonder that stablecoin adoption continues to grow over there.

My thoughts are that we shouldn’t be arguing on whether or not Stablecoins are a good idea, since they are clearly providing value to people. Rather how to build them on Bitcoin, and drive their value back to BTC.

I believe the Protocol “Money on Chain” has the best solution for this.
Their Stablecoin DOC (Dollar on Chain) is fully backed 100% with Bitcoin. All the fees for minting, redeeming and transacting get paid to the Bitcoin miners.
This allow for people in emergent markets save in Dollars while still contributing to the growth of the Bitcoin Network.

The team in charge of the project is from Argentina and created the token to help the people in their home. At the moment there is a lot of adoption happening in Africa and other developing countries.

Together with the Rootstock side chain, there are a lot of people getting paid in DOC to provide free education about Bitcoin in their local communities.

I am blown away by their work and positive impact. I only wish more Bitcoiners would see their efforts and realize how valuable they are.

I think the conversation around Stablecoins needs to get more sophisticated, and I’m happy to play a small role to make that happen.

Be sure to check out our website: www.WeAreBitcoin.World where you can now schedule free 1 on 1 with me to talk, answer any question or provide suggestions.

I hope you can find this useful.

moneyonchain.com

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