Castle Island Ventures partner: there is no contradiction between the use of blockchain and stable currency for stablecoin support

Castle Island Ventures partner Nic Carter recently discussed stablecoins and their importance in this era at a podcast event. "Since the birth of the Internet, there has been a requirement to periodically deposit a certain amount of dollars and digitize them and then reduce the need for them to be licensed," he said. About Bitcoin, Nic Carter went on to say that before Bitcoin appeared Digital currencies are already very attractive. When asked if he sees a contradiction between the use of blockchain on stablecoin and the use of fiat assets to support the currency, Carter said he does not believe there is a contradiction. In his opinion, stablecoins play a pivotal role. They are not as unstable as Bitcoin, and these characteristics come at the cost of true decentralization.