Future of the stable coins: what’s coming next

[vc_row][vc_column][vc_paragraph text=”Many discussions on cryptocurrencies are related to future tendencies. One of such tendencies that is developing rather fast is the appearance of stable coins.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Stable coins as crypto and fiat alternative” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Stable coin is, by definition, a crypto backed by some other asset that considers to be stable. The concept is simple: once BTC is independent it represents something unpredictable in its dynamics. Stable coins, on the contrary, are tied to something more sustainable (main world currency, for example). And thus they are more reliable.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Such coins offer some facilities, security and trading flexibility with no high volatility. At least, in theory.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Right now we see a lot of examples of successful stable coins issued by banks and by companies as well.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The brightest example can be the upcoming Libra by Facebook that will be supported by various investment partners. But Libra is not the only example. The recently launched digital Swiss franc can be another example. Furthermore, US and China banks are ready to take similar steps.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”So, stable coins have reached mass popularity quite fast, but the main question is what happens next? “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Although we cannot answer for sure there are several probable scenarios. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Asset backed by goods” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Linking crypto’s value to the price of some more stable product can have a significant impact on the development of stable coins’ market.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”There are already rumors about the launch of similar asset in Russia. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”They say that the coin called Neft-Coin will be backed by oil that represents a relatively coherent and trustworthy asset.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The Plus500 oil review shows that this is actually the most frequently sold product, over 85% traders store it for a long time.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Launch of the crypto that would be backed by such product or, for instance, gold or silver, could form the sustainable basis for stable coins.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Coins funded by private sources” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”1431″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This is not a holistic conceptions. Nevertheless, we see small groups and individuals launching new cryptos. And we will likely see some small stable coins funded by private sources.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”If there is anything the existing crypto market taught us, it’s that there can be dozens of assets having just slight difference. Thus, anyone who has ‘know how’ for establishing a crypto asset and some way of attracting funds may in theory launch a new stable crypto with innovations that will make it unique.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”If Libra is successful other technological giants may follow the Facebook example.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The first that comes to mind is Twitter, although now it seems unlikely as two years ago Fortune announced the crypto advertising ban on Twitter.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Ever since, Twitter CEO Jack Dorsey (that is a known BTC supporter) has categorically rejected following the example of Libra.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Still there are many other technological giants that can replicate the experience of Facebook, such as Amazon, Apple, Alibaba and Tencent.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Only time will tell how the market of stable coins will develop. But it would be a surprise if it doesn’t show any achievements in the three above-mentioned areas during this year.”][/vc_column][/vc_row]