April 4th 2020
@btcreadCharles J Read
Bleeding Edge Technologist, Futurist, and Growth Hacker.
Stablecoins are cryptocurrencies that are backed by other assets to achieve a stable value, which creates untold opportunity for the way humans interact with money as they have the benefits of cryptocurrency (borderless, secure, low cost) while protecting the users from volatile price action. They often represent real money (GBP, USD etc) and for this reason are more easily understood by a global audience.
I’ll briefly outline the more common types of stablecoins before I do more of a deep dive on the emerging trends we are starting to see discussed by global powers, like CBDCs (Central Bank Digital Currency) or public payments infrastructure built by corporations, like Facebook’s Libra.