Stablecoins and DACs

[Abiky]

Would you imagine a world without banks? Companies would issue currencies directly, backed by the value of traditional Fiat. Not ordinary companies, but rather "Decentralized Autonomous Corporations". These would be an autonomous entity based on the Blockchain that would issue and manage monetary policy of stablecoins without the need for middlemen. AI would play a huge role in this.

In other words, you would live in a world where traditional Fiat currencies nor banks exist. Instead, there will be many different stablecoins acting as Fiat currencies governed by DACs. Governments might even cease to exist in the future, if AI takes control of everything.

What do you think? Is this an utopian dream? Or possible in the long run? Your input would be greatly appreciated. Thank you.