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Vance Spencer: Currency support by governments is a questionable use of funds
Vance Spencer, co-founder at Framework Ventures, questions the use of national resources to maintain currency stability.
Spencer describes propping up a country’s currency as one of the least sensible expenditures, while referencing the growth of stablecoins.
Spencer has commented on asset risks before, including his view that Aave mainnet pools now face higher loss risk following Arbitrum’s seizure of 31K ETH. He has also noted that Sky economics is now codified with rulebound expenses and a focus on profit returns to Sky holders. The recent comments come as stablecoins draw further scrutiny from market participants.
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