It’s been an interesting time for the stablecoin market.
Total stablecoin issuance recently surpassed $10 billion, according to data compiled by The Block Research. Meanwhile, the discussion of Facebook’s Libra has taken on interesting new dimensions of late. Lex Sokolin, a former research analyst and the current global co-head of fintech at Consensys, has been paying close attention to these developments.
In this episode of The Scoop, which was recorded prior to the Libra Association announcement of its new CEO, we dive into its shift to a multi-currency model. We also dig into:
- Whether Libra’s massive network and cash pile will suck the life out of other open-source initiatives
- Why a regulated approach to digital assets might have an easier time surviving and thriving
- Is the stablecoin market overhyped right now?
- How developments in the fintech ecosystem may have an impact on business models in the cryptocurrency market
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
ConsenSys fintech executive dissects Facebook’s Libra project, the growth of the stablecoin market, and how fintech and crypto can coexist written by Frank Chaparro @ https://www.theblockcrypto.com/post/64995/consensys-fintech-executive-dissects-facebooks-libra-project-the-growth-of-the-stablecoin-market-and-how-fintech-and-crypto-can-work-together?utm_source=rss&utm_medium=rss May 13, 2020 Frank Chaparro
Comments are closed.