Stablecoins in Practice and Policy

Stablecoins are crypto currencies designed to maintain a stable value because they’re pegged to a fiat currency, such as the U.S. dollar. The result is a highly liquid currency with a fixed value. Stablecoins are transacted on crypto rails as opposed to legacy banking systems, meaning there is less friction, delay, and cost. Last year, they were used in more than $30 trillion worth of transactions. Checkout.com is putting stablecoins into practice. They are adopting their services so that customers can pay with, and merchants can receive payments in, stablecoins. Meanwhile, Coinbase is working with multiple levels of government to make sure that both legislation and regulations are in place to allow companies to invest in upgrading their systems with confidence.