Stablecoins Emerged in 1904
Stablecoins have effectively existed since 1904 when Panama adopted the U.S. Dollar as its official currency. Since then, numerous other countries have "dollarized" to various extents - today the USD is the primary currency in 8 countries, and 21 widely accept it for day-to-day purchases. For the most part, dollarization has done its job: no "money printer go, brrr" (see articles by Harvard and The World Bank for more), but it can be a charged topic for some. In 2008 I was living in Ecuador (...
