Sexy Stablecoins Are the ‘Bridge’ to Mainstream Crypto Adoption

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By CCN: Stablecoins on the surface might seem boring. After all, most don’t come with the volatility that’s inherent with most cryptocurrencies, especially bitcoin, and therefore have an entirely different risk/return profile. Stablecoin Tether (USDT) has been an exception to this rule after it lost parity with the U.S. dollar last year amid questions about its reserves.

Make no mistake, however, stablecoins, most of which are pegged 1:1 to fiat currencies such as the U.S. dollar, are a vital part of the crypto ecosystem, one that will help to unlock the institutional capital that has been trapped on the sidelines and bring crypto closer to wide-scale adoption.

If anybody knows this, it’s crypto exchange CEOs such as ShapeShift’s Erik Voorhees. ShapeShift doesn’t have its own stablecoin, nor does it plan to create one. But they