When you think of cryptocurrencies, the one that probably comes to mind is bitcoin. It’s the best-known and by far the largest digital asset, and its wild moves in price make it a favourite of speculators and the financial press.
But among finance types looking at how cryptocurrencies might shake up the actual banking system, a less racy crypto asset has been getting a lot more attention lately: stablecoins.
These assets aren’t as exciting as bitcoin, as the name “stablecoin” suggests. However, they are surging in popularity thanks partly to US President Donald Trump’s policies, and more importantly, they could be genuinely useful when it comes to moving money around.
Some argue this also makes them more of a real long-term threat to established banks – maybe even including Australia’s big four. More on that later.
Read more on The Sydney Morning Herald
