How stablecoins could shape the future of digital money

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

How stablecoins could shape the future of digital money

00:00 Speaker A

Let’s talk about stable coins. It’s a growing corner of crypto drawing attention from both regulators and investors. Many are pegged one to one to the US dollar, acting like a digital version of cash that lives on the blockchain. Unlike Bitcoin with its volatile swings in either direction, stable coins are designed to do one thing, keep their value stable. And that stability makes them useful, not just for crypto traders, but for payments, remittances, even savings. They’re also being tested by Central Banks and Fintech companies as a potential foundation for a new era of faster, more efficient global payments, but they’re not without risks. Trust hinges on what’s backing them, typically cash and US Treasuries and on the credibility of the issuer. Tether and Circle of two are two of the biggest companies in this space, both issuing their own stable coins. And as this space grows, stable coins could play a central role in shaping the future of digital money, as long as trust, transparency and regulation can keep up.

This is the hidden content, please

• Sign In
• or
• Sign Up

#stablecoins #shape #future #digital #money

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up