Have we (I’m sure we have perhaps) considered, with the recent news of looking into a Solana Developer, extending the Reserve protocol to support “multi-chain stablecoins”, enabling the creation of stable tokens backed by a variety of on-chain assets?
A bit more of an interoperable ecosystem where communities on different chains can build asset-backed stablecoins specific to their preferred chain etc. I’d imagine Stellar interoperability and depending on what regulations are, the same exact thing we do on Ethereum for the more popular chains.
Also really quick, a ‘point-of-payment aggregation’ capability of some sort’. Payments of all sorts of stables on all chains is in the future it appears.
Basically a system that would allow any stablecoin created within the Reserve ecosystem to be seamlessly converted at the point of payment, into the vendor’s or recipient’s preferred stablecoin (e.g., USDT, USDC, CBDC?) or fiat currency. This could ensure smooth transactions, regardless of the stablecoin used by the payer?
I’d imagine, that in the future, everyone will be able to program a stablecoin as long as they have enough liquidity to fund the transaction, on the smaller end of course (eg. Individuals, communities etc) then on the larger end businesses, corporations and governments obviously doing there thing These stable tokens you would likely need to have usable across all platforms, and at the point of payment, they should automatically convert into the requested stable dollar or currency preferred by the recipient.
James