Opinion by: Reeve Collins, co-founder of Tether and chairman of STBL
Stablecoins have become the universal backbone of digital markets. Every month, trillions of dollars flow through them. Globally, they clear trades, settle remittances and provide a safe harbor for cash onchain. Yet despite their broad adoption, the original design has barely changed since 2014.
The first generation of data-ct-non-breakable=”null” href=”https://cointelegraph.com/magazine/japan-china-stablecoins-india-crypto-tax-asia-express/” title=”null”>stablecoins solved one problem: how to put a reliable digital dollar on the blockchain. Tether USDt ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/tether-price-index” title=”null”>USDT), and later USDC ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/usdc-price-index” title=”null”>USDC), delivered precisely that. Simple,…
