Neha Narula, the director of the Digital Currency Initiative on the Massachusetts Institute of Technology’s Media Lab, makes the case for digitizing the U.S. dollar. Lawrence H. White, a professor of economics at George Mason University and a senior fellow of the Cato Institute’s Middle for Financial and Financial Alternatives, argues against.

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To summarize here, there is substantial demand for stablecoins to make use of as a liquid unit of account when buying and selling crypto tokens and other functions, substantial demand for decentralized crypto token exchanges and decentralized crypto token liquidity suppliers, and a few demand for token-primarily based gaming/social dapps. Ethereum has a big market share of monetary dapps while some of their smaller opponents have sizable market share of gaming/social dapps.

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