Opinion
Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets.
Matthew Alexander is a compliance analyst at Tether, a token backed by actual assets, including the U.S. dollar, the euro and gold. Being anchored or “tethered” to real-world currency, Tether provides protection from the volatility of cryptocurrencies.
Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets.
Innovations in blockchain technology are changing the paradigm and even the concept of possessing gold.