Will Businesses Ever Use Stablecoins?

April 2019

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Abstract

Stablecoins are blockchain-based payment instruments that aim to eliminate the volatility of cryptocurrencies. So far, stablecoins have seen significant use within the cryptocurrency ecosystem. Yet stablecoins have also been proposed as a payments solution for enterprise blockchain use cases. This paper provides answers for why businesses and financial institutions do not currently use stablecoins, and proposes how these instruments or future iterations may fit into the existing financial system.
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