• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Stablecoins: Economist Paul Krugman Against Rising Popularity

Stablecoins: Economist Paul Krugman Against Rising Popularity

user avatar

by Giorgi Kostiuk

a month ago


Stablecoins have become an integral part of the cryptocurrency market, yet economist Paul Krugman expressed doubts about their practical use, sparking wide discussion.

Paul Krugman's View on Stablecoins

Paul Krugman, Nobel Laureate in Economics, recently stated in his Substack post that stablecoins have no useful function. He questioned their necessity compared to traditional payment methods like debit cards or transfers. According to him, the main differences lie only in the anonymity of transactions. Krugman argues that these cryptocurrencies are mainly used for financial crimes.

Response from Nic Carter and Experts

Nic Carter, co-founder of CoinMetrics, disagreed with Krugman, stating that he is remarkably misinformed about the subject. He noted that over 100 million users actively employing stablecoins validate their effectiveness for various purposes, including P2P and B2B transfers. Carter also cited statistics showing an increase in their usage over the past years.

Future of Stablecoins and Their Role

Despite Krugman's criticism, stablecoins continue to gain traction in the financial world. Legislative initiatives such as the GENIUS Act are promoting the legitimacy and regulation of these cryptocurrencies in the U.S. Active discussions regarding their potential are even taking place at the level of political figures like Donald Trump. Time will reveal what role stablecoins will play in the global financial system.

Paul Krugman's criticism of stablecoins raises important questions that will be debated in the crypto industry. However, expert opinions show that the usage of these tokens continues to grow, potentially changing the future of digital finance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Top Cryptos to Buy This Month: BlockDAG, Filecoin, Chainlink, and Fetch.ai

chest

This article reviews promising cryptocurrencies for August 2023: BlockDAG, Filecoin, Chainlink, and Fetch.ai with their unique features.

user avatarGiorgi Kostiuk

Binance Market Maker Program Update: New EUR Tier

chest

Binance announces an update to its Fiat Trading Market Maker Program with the addition of a new EUR tier starting March 24, 2025.

user avatarGiorgi Kostiuk

Bitcoin Could Reach $130K Amid Trump's Tariff Deadline

chest

Trump's tariffs may impact Bitcoin, poised for a rise to $130K if it breaks a key level.

user avatarGiorgi Kostiuk

Starboard by Galxe: Over 5 Million Community Actions in One Month

chest

Starboard platform by Galxe captured over 5 million community actions for 20 projects, including Sui, in its first month.

user avatarGiorgi Kostiuk

Jeff Bezos offloads Amazon stock: sale details and market impact

chest

Jeff Bezos sold nearly three million shares of Amazon, raising questions about future developments and market implications.

user avatarGiorgi Kostiuk

Bonk Loses Popularity While MoonBull Finds Its Niche in the Meme Coin Market

chest

Bonk ($BONK) is losing its edge in the market while the new meme coin MoonBull ($MOBU) offers unique opportunities for investors.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.