Stablecoin: store of value, transaction token or hedge against the unknown?
The Through Line: Financial innovation is advancing quickly, giving participants many ways to invest and transact. Recent regulatory changes in the U.S. are helping create a framework for adoption of stablecoin, a form of digital currency designed to be less volatile than traditional crypto assets have been. What role can stable coin play – investment or merely transaction conduit? How does it compare to crypto? How might it impact various aspects of the financial services sector? While it is early days and many aspects remain in flux, we profile some of the issues, opportunities and challenges.