Stablecoins and the Path to Innovative Money Movement

Cryptocurrencies, in general, are making progress in the United States but remain beset by challenges. The regulatory environment, at best, sends mixed signals. Consumer attitudes are wary. Even as bitcoin values surge, viewpoints range from outright distrust sowed by scandal and volatility to wholehearted embrace. Institutional investors are moving toward crypto—and in that sense, regulators are beginning to move with them—but widespread adoption of digital currencies as mainline payment vehicles is on a distant horizon. Then there are stablecoins. These programmable digital currencies are coming into their own. Their resistance to volatility and ability to be programmed to respond to certain criteria in transactions open up a range of compelling use cases. 

This Javelin Strategy & Research report considers U.S.-dollar-backed stablecoins, the world of service providers rising up to help financial services implement stablecoin programs, the major players in the space, and the use cases—both current and coming—that can leverage the digital asset in innovative ways.

Key questions discussed in this report: 

• How are stablecoins different from other digital assets and cryptocurrencies in payment scenarios? 
• How does stablecoin as a service work? 
• What are the major players and use cases in the realm of stablecoins?

Companies Mentioned: 

Accenture, Allium Labs, BDO Unibank, Baanx, Circle, Digital Dollar Project, Ethereum, First Digital Limited, J.P. Morgan, Mastercard, MetaMask, MoneyGram, Nuvei, Paxos, PayPal, Quantoz, Ripple, SALT Lending, Stellar, Tether, Visa, Western Union, Worldpay