Stablecoins will have to reflect and evolve to live up to their name By Cointelegraph
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In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the majority of stablecoins pegged to fiat, they can be just as unstable.
What the name could be, however, is aspirational — something that stablecoins might yet live up to if they can tie themselves to a solid foundation.
Jai Bifulco is the chief commercial officer at Kinesis Money and he has a track record of driving business growth with his diverse commercial and operational experience spans the fintech, precious metals, mining, financial services, investment and trading spaces. As a founding member of Kinesis, Jai brings his wealth of experience to driving the adoption of a truly ethical, global monetary system, which he believes will shape the future of precious metals and the monetary space.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the majority of stablecoins pegged to fiat, they can be just as unstable.
What the name could be, however, is aspirational — something that stablecoins might yet live up to if they can tie themselves to a solid foundation.
Jai Bifulco is the chief commercial officer at Kinesis Money and he has a track record of driving business growth with his diverse commercial and operational experience spans the fintech, precious metals, mining, financial services, investment and trading spaces. As a founding member of Kinesis, Jai brings his wealth of experience to driving the adoption of a truly ethical, global monetary system, which he believes will shape the future of precious metals and the monetary space.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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