The crypto industry is refocusing on the uses of its tech stack, says Stellar Development Foundation CEO
The Scoop
Evolution of Internet and Blockchain: Original Purposes and Impact on Stablecoins
Transition from adolescence to maturity in internet and blockchain technologies highlighted; internet creativity and value potential noted; blockchain seen as still in early adolescent phase; focus on original purpose of tech stack emerging in contrast to secondary market challenges; potential competition of assets to stablecoins domestically discussed; USD-back stablecoins vital outside the US especially for value transfer to regions lacking US bank accounts; stability and necessity of stablecoins emphasized in global finance; challenges in transporting securitized assets from the US via stablecoins explained; stablecoins lauded for facilitating value movement for individuals with limited financial opportunities; significance of stablecoins for cross-border value transfer and financial inclusion underscored.
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