The Unstoppable Trajectory: Stablecoins Are Evolving Traditional Finances
Cointelegraph
Published Jan 22, 2020 09:00PM ET
Updated Jan 22, 2020 11:03PM ET
The Unstoppable Trajectory: Stablecoins Are Evolving Traditional Finances
Stablecoins may represent crypto’s best chance of achieving mainstream success and recognition from the traditional financial systems. Just recently, the president of the European Central Bank nourished this viewpoint by stating that the institution should be proactive when it comes to digital assets. On Dec. 12, Christine Lagarde tweeted:
Being ahead of the curve and responding to demand may seem like contradictory terms, but Lagarde’s comments certainly highlight the value of stablecoins — crypto tokens backed by traditional assets such as fiat money. Elaborating on the tweet, Lagarde said stablecoins appeared more innovative to the ECB than Bitcoin (BTC). This perception dovetails with remarks from the IMF suggesting that digital currencies could bring significant benefits to customers and society.
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Written By: Cointelegraph
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