A new report from Standard Chartered suggests that stablecoins are becoming a popular alternative to traditional finance, as they are used for saving, transacting in US dollars, and facilitating cross-border payments. The report also highlights the potential for growth in the stablecoin market as it is still smaller than the overall financial markets, but has significant room for expansion.
This growth is tied to regulatory developments, and the report suggests that stablecoins could become a significant part of the global financial infrastructure if regulations are passed. Standard Chartered also recommends investors purchase Bitcoin below $60,000, regardless of the election outcome.
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<p>The post Stablecoins: Bridging Traditional Finance and Cryptocurrencies first appeared on CoinBuzzFeed.</p>