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Home / Market News / Crypto: The history of private bank notes in 1800s may hint at the future for stablecoins: Not a good one, says Goldman Sachs

Crypto: The history of private bank notes in 1800s may hint at the future for stablecoins: Not a good one, says Goldman Sachs

Posted by: Market Watch in Market News May 17, 2022

The current state of stablecoins shares similarity with private bank notes, which circulated as money in the 19th century and was later replaced by national bank notes subject to federal oversight, according to analysts at Goldman Sachs. 

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