thank you guys who responded above but I guess what I’m trying to figure out is we have an opportunity to develop a token for a community, it wouldn’t be something that the masses could use it’s only segregated for this one community in this country so being that it is only designated for this small population would a stable coin make more sense over a coin? The only reason why we’re thinking a stable coin is because we cannot have the volatility that normal cryptocurrency carries. On the other hand this stable coin if we go that route it’s not something the average person will have access to purchase you have to live in this community in order to buy it. Now because it’s very limited as far as who can get this token it doesn’t make sense to list it on an exchange as it would be a private community token correct?
Then why not just stay with digital money? Local bank money with application. If you will not open it in the world, there might be an economic breakdown in your place. This is like playing house or a board game like monopoly or chips from a gambling den. So what if you go places and you only have your QR code in you? How are you going to spend it? It is unknown to the world.
What will the stablecoin you are trying to make be backed with to have value?
