Comment by kikimora
2 days ago
Blockchain guarantees there is no double spend while not having one controlling entity. Legal requirements are there to do exactly the same thing - not let managers mess with other people money.
2 days ago
Blockchain guarantees there is no double spend while not having one controlling entity. Legal requirements are there to do exactly the same thing - not let managers mess with other people money.
But there are 2 separate controlling entities in this scenario. The hypothetical company that wants to issue the stablecoin and Bridge. They have complete and full control over the money anyway, blockchain or not.