Stablecoins Could Unleash Wall Street Adoption Of Blockchain Technology
Following a volatile year in crypto markets, stablecoins are gaining momentum in 2019. Since the first stablecoins emerged in 2014, there are now more than 50 different stablecoin projects available to date.
Stablecoins’ growing prominence suggests a shift in the crypto market -- one that is free from the historical volatility of cryptocurrencies, and, many believe, the path to mainstream adoption in the traditional finance world. This is because stablecoins offer a reliable on-and off-ramp for investors, providing the legitimacy associated with traditional fiat currencies, increasing transparency, and removing the need for multiple costly transfers between crypto and fiat currencies. READ MORE ON: FORBES