Stablecoins Offer Bridge to Usability, Compliance
Fergus Hodgson, November 11, 2019
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Cryptocurrencies have promised to usher in a new era of finance, yet mainstream institutions have been reluctant, slow adopters. Further, the cost of transactions and fluctuating prices have impeded viability for general purchases.
Diana Barrero of Yale University’s Blockchain Initiative explains that stablecoins, given their lower volatility, offer better integration into the existing regulatory framework.
She argues that stablecoins have potential in retail commerce and remittances, since today’s legacy systems require unnecessary and expensive intermediaries.
Recommended Links
- Connect with Diana on LinkedIn and Twitter and visit Yale’s International Center for Finance.
- Track the market cap of major stablecoins.
- “Will Businesses Ever Use Stablecoins?” by George Calle and Diana Barrero.
- “Stablecoins: Designing a Price-Stable Cryptocurrency,” HackerNoon.
- “JP Morgan’s Stablecoin: A Feat of Engineering or Marketing?,” CoinDesk.
- “How Adoption Of Cryptocurrency Stablecoins Can Open Access to the 1.7 Billion Unbanked and Poor,” Forbes.
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If You Liked This Episode
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- “Altcoins, Central Banks Vie for Bitcoin Legacy,” Gold Newsletter Podcast.
- “Demystifying the Blockchain, Avoiding Digital Snake Oil,” Gold Newsletter Podcast.
- “Why Blockchains Are Here to Stay,” Gold Newsletter Podcast.
Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.