Why Stablecoins Stand Out in the Cryptocurrency World

Published: June 26, 2019 | by Bitcoin Press News Team

Journal Report

The Future of Finance

Because they are designed to maintain a steady price, stablecoins have become a major source of liquidity in cryptocurrency markets. They are used by traders and investors to buy other cryptocurrencies on exchanges that don’t accept fiat currencies, and as a place to park funds when other crypto assets are experiencing big price swings.Eventually, enthusiasts say, stablecoins could be used for financial transactions such as loans, remittances, wire transfers and payments, delivering on the crypto industry’s longstanding promise to make such transactions cheaper, faster and easier.Still, the use of stablecoins for real-world purposes […]

View the full story at: www.wsj.com

Why Stablecoins Stand Out in the Cryptocurrency World

Published: June 26, 2019 | by Bitcoin Press News Team

Journal Report

The Future of Finance

Because they are designed to maintain a steady price, stablecoins have become a major source of liquidity in cryptocurrency markets. They are used by traders and investors to buy other cryptocurrencies on exchanges that don’t accept fiat currencies, and as a place to park funds when other crypto assets are experiencing big price swings.Eventually, enthusiasts say, stablecoins could be used for financial transactions such as loans, remittances, wire transfers and payments, delivering on the crypto industry’s longstanding promise to make such transactions cheaper, faster and easier.Still, the use of stablecoins for real-world purposes […]

View the full story at: www.wsj.com