Is eUSD the no-BS functional cryptocurrency I’ve been waiting for?
• fully collateralized, publicly audited US dollar stablecoin
• preserves individual transaction privacy while complying with know-your-customer laws
• uses minimal electricity
• sub-second settlement
• negligible transaction fee
https://www.coindesk.com/tech/2022/10/10/crypto-and-payments-firm-mobilecoin-launches-new-stablecoin-electronic-dollars/ #noxp
@jeremiahlee Until someone figures out how to deal with fraud in these systems there will never be wide adoption. A normal person isn’t going to accept a system where someone steals their money and they can’t get it back.
@Kkress Fraud resolution is a problem, but not always a barrier to adoption.
Examples:
1. High-trust transactions: sending money between family and friends, especially internationally
2. Over a billion people live in countries with less stable currencies and do not have the ability to hold USD for a variety of reasons, but would like to.
