New report evaluates stablecoin contenders and the sector’s likely evolution

Available as a free download, Techemy Capital’s new proprietary research report "Stablecoins: Mitigating Capital Risks In Crypto" explores the importance of stablecoins in their current role as the prominent facilitators of transaction activity within cryptographic asset markets.

The report investigates the historical demand for decentralized, non-central bank attached stable currencies, and the capacity digital stablecoins now have to fulfil this role by utilising permissionless and secure blockchain technology.

By removing price volatility and leveraging the transactional functionality of networks like Bitcoin and Ethereum, stablecoins have captured the interest of companies like JP Morgan, Facebook and WhatsApp for the creation of payment channels that are not dependent on government controlled fiat currencies.

Stablecoins are often considered the holy grail of crypto as they utilise the decentralised and secure nature of blockchain and at the same time, offer an escape from crypto market volatility.

The report details the growth of the stablecoin sector from the launch of BitUSD in 2014 to its current market capitalisation of approximately US$3 Billion. Specific currencies like Tether, DAI, Basis and Nubits are examined for perspectives on what has and has not worked in terms of the methodologies utilised for stabilising digital assets.

The study evaluates near and medium term predictions for the stablecoin ecosystem. These include expansion beyond a reliance on digital USD options only – to SDR style coins with prices determined based on baskets of different fiat currencies and other assets. Or the emergence of more stablecoins hosted on private networks in the vein of the JP Morgan coin, and the beginnings of stablecoins offering retail bank solutions such as borrowing and lending services at competitive interest rates.

Also included in the report are insights into the potential of yet-to-launch digital currencies from the IMF and traditional central banks to compete with the existing privately run stablecoin projects.

Techemy Capital:
https://techemy.capital/

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STABLECOINS: Mitigating Capital Risks in Crypto

With many new entrants, the stablecoin market is currently in an exploratory phase, with no single stability mechanism available that satisfies all the requirements of potential stakeholders. Download this groundbreaking Techemy Capital report now to access compelling new insights into this critical sector and its likely long term evolution.

// Access the full report here