Blockstream Chief Strategy Officer: Stabilizing coins will not be used for retail use cases, Libra is doomed to fail

According to Cointelegraph, Blockstream Chief Strategy Officer Samson Mow said at the BlockShow meeting yesterday that he does not believe that stable coins will be used for retail use cases, mainly to allow traders to take advantage of arbitrage opportunities. Mow also said that the legal digital currency will not pose any threat to Bitcoin, but it may disrupt the use of stable currency. When talking about Libra, Mow claimed: "I think Libra is destined to fail."