Wu Blockchain (@WuBlockchain): Jihan Wu: Stablecoins should also win through competition

Jihan Wu: Stablecoins should also win through competition At the Consensus 2018 conference in 2018, Jihan Wu @JihanWu , co-founder of Bitmain, presented his views on stablecoin competition. Citing Hayek's viewpoint, he proposed that fiat currency should, through competition, bring the most stable tokens to the market, and stablecoins should not be monopolized. Instead, the platform should allow currency issuers to compete with each other, so that the most stable, most reliable, and most trustworthy currencies will ultimately emerge. He believed that the world would not need only one stablecoin, because different economies and virtual economies arising on the internet would use their own stablecoins—a type of fiat currency created by a virtual community on the internet.