Base Creator Envisions Future of Crypto Economy in Local Stablecoins
Stablecoins tied to local currencies remain rare, yet they have the potential to revolutionize the crypto economy. This was stated by Jesse Pollak, the developer of Base, during Token2049 in Singapore, as reported by The Block.
The Need for Diversity
The expert noted that today’s digital economy is almost entirely denominated in US dollars, which account for about 60% of global reserves. Dozens of other currencies, which are also significant in global finance, are scarcely represented in the crypto space.
The…
