Driven by Financial Institutions, Stablecoin Acceptance Turns a Corner
Crypto has turned from an inevitable future to our happening present, and stablecoins may become the industry’s cornerstone.
Major financial institutions love certainty, and that will help the crypto community immensely. Let’s get down to basics: A stablecoin is a type of digital asset designed to solve the problem of the hypervolatility of cryptocurrencies.
This year is an exciting time for stablecoins as interest among financial institutions picks up speed. For example, Wisdomtree, a regulated money manager, has made plans to launch a stablecoin as an extension of its business in exchange-traded funds. IBM, State Street, JPMorgan Chase and Wells Fargo have all been exploring the opportunities provided by stablecoins. None of these institutions are prone to wild speculation. It’s these institutions that will drive mass adoption.
Readmore: https://cointelegraph.com/news/driven-by-financial-institutions-stablecoin-acceptance-turns-a-corner