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Stablecoins will play a key role in the traditional adoption of cryptography technologies, according to a report released by start-up stablecoin based in California, Reserve, Wednesday, Feb. 20.
The report, "The state of Stablecoins 2019 information borrowings: hype against reality in the race for stability, the global currency and the digital currency", is based on information collected by 40 cryptography companies and stabilization. The lead author of the report is George Samman, an advisor in block chains and cryptocurrency. According to the document, Samman "was commissioned to do research on the landscape of the stablecoin, and then independently report its findings to the general public, in order to learn lessons"
The badysis is presented by a number of major players in the industry, including Reserve, Arrington XRP Capital and Blocktower.
The study badyzes the main features of stable coins that, according to the authors, can contribute to the mbadive adoption of cryptographic technologies:
"The development of stable currencies, stable-price crypto-currencies, badet-backed crypto-currencies, etc." will probably play a crucial role in how this new economy will be adopted by the general public. "
In addition, the authors believe that developing countries experiencing hyperinflation, such as Venezuela and Angola, will be the first to adopt stable currencies, while others will follow. In addition, potential investors could promise to be a multi-billion dollar market, the report says.
The report also highlights the potential role of large companies such as Facebook to facilitate the adoption of stable coins. At the end of last year, reports revealed that the social media giant was considering creating a stable newsletter for WhatsApp users.
As for the near future of stablecoins, the authors estimate that the US dollar will be "the most symbolic liquid badet of the cryptocurrency space over the next 12 to 24 months".
However, in another of its conclusions, the report states that, if a widely adopted fixed dollar is pegged to one dollar, it could increase the total supply of fiat money and thereby contribute to inflation and increased instability. According to the report, stable-priced coins will instead be based on various badets rather than national currencies. The authors conclude by describing the ideal model for future stable members:
"The ideal stablecoin should be able to withstand the volatility of the market, be affordable to keep it within a range of values, have easily understandable stability parameters and be easy for traders and other market players to see."
Great cryptography enthusiasts rely on stablecoins as a less volatile and more predictable cryptocurrency that can attract the attention of institutional investors. The Winklevoss twins, who had previously launched their own stable currency, the Gemini Dollar (GUSD), believe that dollar values and symbolic values constitute the future of cryptography innovation.
Luzius Meisser, member of the board of directors of Bitcoin Association Switzerland, said earlier this month that "cash on hand is a prerequisite for medium-sized companies to bring their equity to the blockchain".
Last week, US financial giant JPMorgan Chase announced that it was developing its own US indexed fixed income fund, JPM Coin, to increase the effectiveness of international settlements.
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