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Stablecoins are a significant market player, yet their longevity remains under scrutiny. The Bank for International Settlements has outlined three crucial criteria for good money: stability, elasticity, and integrity. However, stablecoins like USDC and USDT offer unique benefits, such as immediate transactions and enhanced transparency for tracing illicit activities. While stablecoins are a work in progress, they provide valuable alternatives to traditional banking systems. The future of money lies in systems that effectively serve their users.
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