Stablecoins and their role in future society

shikimorilover69

shikimorilover69

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Any high IQcels or crypto geniuses, and particular economists, I want to ask you:
1. To what extent stablecoins will replace cash, and if so, why.
2. What will happen to other financial institutions such as visa and mastercard if all payments become in the form of Stablecoins,
3. How will this effect monetary policy making by governments, and,
4. How will this change the way foreign governments value their currency, to avoid their currency from collapse due to their citizens buying foreign stablecoins (e.g USDC?
And any other insightful comments would be helpful as well, but please make the responses high effort and informative. I'm doing research for school and I need to get some expertise in the topic so I can make a ted talk on it and put on my personal essay and go to harvard :lul:
Thanks!!
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