The algorithmic stablecoin DJED is scheduled to launch in January 2023. The USD-backed stablecoin USDA is planned to be launched in Q1 2023. Stablecoins can maintain stable purchasing power in the medium term. They allow the creation of a stable economic environment and financial services that can be an alternative to traditional banking services. Not surprisingly, stablecoins are the cornerstone of any DeFi ecosystem. Deloitte did a survey in 2022 that found nearly 75% of retailers plan to accept payments in cryptocurrencies or stablecoins in the next two years. Most retailers that accept cryptocurrencies also plan to accept stablecoins. Are stablecoins only for DeFi users, or can they be an alternative for regular users who are not interested in holding volatile cryptocurrencies? Let’s think about it.
TLDR
- People will not be paying with volatile cryptocurrencies in the next few decades.
- Stablecoins allow you to buy goods instantly without waiting for a better exchange rate.
- Stablecoins will have a positive impact on the number of new users and thus the number of transactions.
- 1 USD in a bank account is different from 1 USD in stablecoins.
- Stablecoins are a mediator between the current world and the new one.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/how-will-cardano-benefit-from-stablecoins