Tokenization or stable coin
From now on, in the cryptocurrency industry, the bank's currency will be tokenized, and the stable currency of the legal currency will progress, but there was an opinion that "stable coin" is not necessary if the currency is "tokenized". .
Nevin Freeman, co-founder and CEO of Reserve, which works with Stable Coins linked to the US Dollar, said that while central banks in each country will eventually tokenize the currency, Stable Coins still remain in terms of privacy It showed a view of advantage.
Freeman spoke at a consensus-sponsored event held in New York on May 15 at an open debate on "The end of variability? The upturn in stable coins".
Joel Terner, a moderator and partner at the law firm Sullivan & Worcester, asks why banks can not simply tokenize the national currency and drive the stable coin service backed by the legal currency out of business .
Freeman, meanwhile, said the central bank actually wanted to be tokenized, but that it had the problem that it could not provide the same privacy as stable coins.
Banks want to track the transaction history and ownership of tokenized funds.
With regard to this view, a coin telegraph reporter asked Mr. Freeman, "Does stable coin such as True USD (TUSD) or Paxos (PAX) secure anonymity?" From legal currency to cryptocurrency, or When you converted to the opposite, you said your identity was confirmed.
All tokenized transactions are said to be "Pseudo-anonymity".
"Pseudo-anonymity" is a term used to describe the privacy provided by a virtual currency such as Bitcoin. Bitcoin balances and transactions are disclosed even if the identity associated with the relevant address is not disclosed.
Mr Freeman further said that the reserve aims to build a stable version of bitcoin, "stable bitcoin", and there are other projects backed by legal currency, but they are legally trusted by the tether It was not a stable version of Bitcoin but only a certain version.
This month, Bitcoin developer Peter Will proposed a soft fork for implementing a tap route in the mailing list for Bitcoin developers.
Taproot is intended to combine the features of the Markhled Abstract Syntax Tree (MAST) and the Snorr signature, and is expected to enhance the privacy of bitcoin transactions.
Managing the flow of public funds is important for countries and banks!
I would like to use stable coins if I use centralized tokens.
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