Cryptocurrency was invented and designed to provide numerous benefits for global private and institutional clients, to free people from the burden of banking systems and to create a new financial ecosystem.
The underlying technology, blockchain, can indeed be considered one of the most significant technological advancements of the 21st century, as it provided the groundwork to establish a new kind of money: digital currency. However, after a few years of overhyped crypto market mayhem, countless fraudulent projects and questionable vectors of development, it became evident: global acceptance could not be achieved yet. The industry lacked something vital. Reality had proved that unbacked digital currencies couldn’t lead to a better era. From the ashes of failed investors’ expectations a new cryptocurrency asset class has been born: the stablecoin.
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