The way of the stablecoin: A journey toward stability, trust and decentralization

The way of the stablecoin: A journey toward stability, trust and decentralization


Bitcoin (BTC) and other cryptocurrencies have opened the doors to a whole new world of finance. In their most basic form, cryptocurrencies allow people to transact in a fully trustless, transparent and efficient manner, cutting out the centralized intermediaries and counterparty risk previously associated with digital money transfers. 

Thanks to blockchain technology, value can now be transferred on a worldwide scale within seconds/minutes and with relatively low fees — but that’s not all. However, Bitcoin and Ether (ETH) are still too volatile to be used as currency, a factor that has hindered their mass adoption.

Although Bitcoin and blockchain technology are still in their infancy, volatility is still predominant in the industry, which has led to the creation of something that takes the best of both worlds — stablecoins. Popular examples include Tether (USDT) and USD Coin (USDC).

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While cryptocurrencies themselves are volatile, their underlying technology can be leveraged to create assets pegged to and backed by more stable assets, such as

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