Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Tanimariya on June 17, 2020, 08:28:39 AM

Title: In the Wildcat Era of Stablecoins, Commercial Banks Have New Rails to Ride
Post by: Tanimariya on June 17, 2020, 08:28:39 AM

Chance Barnett is chairman of Jewel, a proposed Bermudian bank providing digital asset banking infrastructure to global businesses. He previously founded Crowdfunder, an equity crowdfunding investment platform. Michael Dowling is chief technology officer at Jewel and was the chief technology officer at IBM in its Blockchain Financial Services Group.

The U.S. dollar-backed stablecoin market has grown nearly 100% since January, jumping from roughly $5.5 billion in January to more than $11 billion in June (chart). But with demand for USD fiat-backed stablecoins experiencing tremendous growth, we think it will soon become clear that not all stablecoins are created equal and not all USD vehicles play the same role in pushing the industry forward.
Read more: https://www.coindesk.com/in-the-wildcat-era-of-stablecoins-commercial-banks-have-new-rails-to-ride

Title: Re: In the Wildcat Era of Stablecoins, Commercial Banks Have New Rails to Ride
Post by: aiviaa485 on June 20, 2020, 05:45:59 AM

Quote from: Tanimariya on June 17, 2020, 08:28:39 AM

The U.S. dollar-backed stablecoin market has grown nearly 100% since January, jumping from roughly $5.5 billion in January to more than $11 billion in June (chart).

It is true because I witnessed myself where Ripple number 2 has been evicted by USDT with a stable coin type on Coinmarketcap, this proof is real and please check on the main website https://coinmarketcap.com/.
But this trend is going to be melted when the latest Bull race occurs at the end of 2017, where all investors have volatile altcoins than the stable USDT.

Now we are in position in 2016 which will soon start like 2017, where USDT will be overtaken by various altcoins.

Title: Re: In the Wildcat Era of Stablecoins, Commercial Banks Have New Rails to Ride
Post by: kent47400 on July 13, 2020, 12:35:11 PM

I think the increase in market capacity from 5.5 billion USD to 11 billion USD is one of the factors given by Tether who was able to go up to number 3 CoinMarketCap.
So this Wildcat might be inspired by Tether as well because it's proven in COinMarketCap like that.

But this Wildcat Era hasn't been able to adapt to unstable Altcoins, so when altcoins are unstable in the pump, then please try for new things later!