The existing financial system is similar to a patchwork blanket, on which individual corporate networks operate, closed and centralized. Stebblecoins are an attempt to make for transactions the same thing that e -mail has done for communication. Before the appearance of instant messengers, sending text messages over the phone abroad was an unreliable business, since the addressee did not always receive them, they told A16zcrypto.
“Stebblecoins, or cryptocurrencies tied to stable assets, such as the US dollar, is a way out, reboot, a way to bring the initial vision of the Internet into money. Just as whatsApp violated the pricing in the market of international telephone calls, blockchain -based payments and stabilcoins transform global money transfers, ”analysts say.
Just as the early Internet startups were able to flourish when it became clear that telecommunications companies would not win, cryptocurrency is ready to overcome the abyss from the financial experiment to the infrastructure basis, and the stablecoins were in the lead in this, representatives of the A16zcrypto explained.
Earlier, managing partner of the Coinfund investment company David Pakman declaredthat the growth of stablecoins indicates a turning point in relation to people to digital assets.
Source: Bits
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