In this video I try to explain the only possible way that stablecoins or CBDCs can succeed as a viable means of payment, as a token on a blockchain. Otherwise they are always subject to wild price flucations and insider manipulation, as we see in the current "crypto" markets. We examine into the functions of USDT and other stablecoins currently in the crypto space and how their approach is not viable in the long term as far as transparency to the public and maintaining a level of trust. We explore how tokens can be used as stable coins on the bitcoin blockchain backed by satoshis and also converted for paper fiat to be transacted by those who do not use digital currency. I wish I had a panel at the Coingeek Bitcoin Conference ? if you enjoy this content, please comment, like and subscribe. Join our community t.me/digitalcurrencydaily We're building a service locator with on chain reviews and tutorials to help onramp new user into the Bitcoin ecoystem.