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Kashkari’s argument is that stablecoins don’t solve the problem of the world having multiple currencies
This is the best he can come up with?

Feb 19, 23:35
NEW: U.S. FEDERAL RESERVE’S KASHKARI SAYS CRYPTO PEOPLE GIVE HIM WORD-SALAD NONSENSE ANSWERS WHEN IT COMES TO EXPLAINING HOW CRYPTO OR STABLECOINS ARE USEFUL IN CROSS-BORDER TRANSACTIONS
I actually don’t bother trying to convince people like this any more, I just invest in these companies and exploit the arbitrage between the reality I see on the ground and the general perception that this stuff is worthless. I smile when I see people saying this
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