• BBCA

A Primer on Stablecoins

Updated: Mar 26, 2019

by Clemens Scherf

All of 2017 and 2018 we have been hearing about how Bitcoin and other Altcoins will establish themselves as new means of payment, as electronic peer-to-peer currencies and as the electronic version of gold, the ultimate store of value. After an insane bull run, with the total market cap of cryptocurrencies ballooning up to a value of USD 800 billion, and the consequent crash and bear market, which have brought the markets back to a value of around USD 140 billion, Bitcoin still has not proven to be what it proclaimed to be: a digital currency. While yes, technically it is and it still has a long way to go, no one is using it as a means of payment. A currency whose charts resemble the Nasdaq more than they do the Euro, Peso or Dollar and boasts a ye