Stripe Launches L1 Blockchain: Tempo

Post by seviu » Fri, Sep 05, 2025, 9:51 AM UTC

vintermann wrote: post #727

narrator wrote: post #527

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Can you do fractional reserve banking with stablecoins where you lend out the underlying dollars to people and don't have full reserves? That's what makes banking tricky. When there are a surge of loan defaults across the banking system the money supply shrinks rapidly unless the government bails them out. Thus, the need for regulation. One reason the U.S government has to like stablecoins is because Tether is one of…

> Can you do fractional reserve banking with stablecoins where you lend out the underlying dollars to people and don't have full reserves? In a manner of speaking. You need to trust that the issuers have the reserve they claim. There's no way around this, unless the asset in reserve is equally ethereal (i.e. another cryptocurrency). Tether, for one, almost certainly doesn't have the reserves.

Post by Anon84 » Fri, Sep 05, 2025, 9:55 AM UTC

gamblor956 wrote: post #491

kccqzy wrote: post #458

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Large banks like JPMorgan Chase are also looking into launching their own stablecoins, just because it has less regulation than normal banking. In fact Jamie Dimon himself says so. The idea is really simple: creating stablecoin deposit accounts for customers allows banks to skip existing customer protections that are normally afforded to traditional deposit accounts.

Stablecoins will end subject to just as much regulation as a normal bank, maybe even more. JPMorgan Chase, BofA, and their ilk have R&D budgets large enough to have already launched a dozen stablecoins by now. They haven't, not because they can't (on a technical level) but because they don't actually see the value to it (on a business level). They're simply paying lip service to crypto because it pumps up share value…

Post by mxschumacher » Fri, Sep 05, 2025, 10:00 AM UTC

dperfect wrote: post #348

pc wrote: post #46

There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…

It sounds great, but every time I see this argument, I end up going down the rabbit hole of actually studying how stablecoins operate. And every time, I come to the same conclusion: they always rely on trust in an off-chain oracle or custodian. At that point, a shared ledger implemented with traditional databases / protocols would be faster, easier, and more transparent. Bitcoin (and possibly a few others) is one of…

Post by egorfine » Fri, Sep 05, 2025, 10:05 AM UTC

Post by jgilias » Fri, Sep 05, 2025, 10:14 AM UTC

rank0 wrote: post #672

Ekaros wrote: post #412

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Stable coin is digital IOU. Where issuer makes the rules. I never got the idea how for that reason there is any guarantees that you can get money out in those less served locations.

Even in ANY jurisdiction you’d presumably need a contractual agreement with the issuer. IIRC only certain entities may redeem tether/USDC for cash. You at a minimum need an account! Not like I can just send those companies my tokens and get straight cash. The whole thing is just asinine. The killer use case for crypto is dodging laws & regulation. Not even judging because that’s REAL utility!