Stablecoin issuers poised to be banks of the future on road to adoption

Stablecoin issuers poised to be banks of the future on road to adoption
© Reuters.

There is no denying the fact that the crypto market has grown from strength to strength over the course of 2021, as is best highlighted by the total capitalization of the industry recently hitting the $3-trillion mark, albeit for a relatively brief period of time.

That said, stablecoins, a class of cryptos that have their value pegged to a fiat currency, have seen their usage increase dramatically in recent months thanks, in large part, to their ability to help investors get their feet wet with digital currencies while eliminating many of the core issues — such as daily price volatility — currently affecting the crypto market.

Continue Reading on Coin Telegraph

Related posts