Stablecoins minted by large companies such as Facebook could significantly disrupt the payment and crypto industry worldwide, the study concludes.
These stablecoins are raising the eyebrows of many who are thinking that what they are offering is not according to the definition of cryptocurrency which should be decentralized or not under the control of anyone or a group. of course, there are those who believe that big companies entering the industry can be unstoppable especially since they have the resources and the marketing prowess to promote the platform they can create. It remains to be seen if the coming of big and well-oiled names into cryptocurrency can be good for the industry in the long-term or will it hurt it in the long run. Let's just hope it is the former. As to Facebook, am sure they gonna use its behemoth network to make sure that its foray into cryptocurrency can be grand and successful. So in advanced, let's give Mark and his team a big congratulation!
