US EditionNobel Prize-Winning Economist Says ‘Stablecoins Don’t Serve Any Clearly Useful Function
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The Nobel Prize in Economics Paul Krugman strongly criticized the stablecoins. According to him, they would be useful only for the criminals. What are his arguments? The article "No useful function" – a Nobel in economy tackles the stablecoins appeared first on Cryptoast.
Nobel prize-winning economist says ‘stablecoins don’t serve any clearly useful function ’; Coinmetrics co-founder disagrees
American economist Paul Krugman, who won the Nobel Prize in 2008, believes that stablecoins do not have any practical utility. In a May 30 blog post entitled ‘Digital Corruption Takes Over DC,’ Krugman opined that “stablecoins don’t serve any clearly useful function,” adding: “They [stablecoins] can’t be used to make ordinary purchases, and there’s nothing you can do with them that can’t be done more cheaply and more easily with debit cards, Ve…
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