Blockchain-based stablecoins seem like a really convoluted and environmentally wasteful way to implement centralized, cryptographically secure USD based account transfers.
Why not just use Chaumian ecash [0] - which is perfectly suitable for this purpose and doesn't require mining?
David Chaum probably asked exactly the same question, and starting working on his own own blockchain and cryptocurrency[1] in 2015[2]. I'm a bit sad he didn't call it eCash 2.0.
Why not just use Chaumian ecash [0] - which is perfectly suitable for this purpose and doesn't require mining?
[0] - http://sceweb.sce.uhcl.edu/yang/teaching/csci5234WebSecurity...