Why stablecoins are the real payments test for the crypto world

⚠️ NOTICE TO THE READER: The link points to Bloomberg.com, but the downloaded content does not contain the article in question. What was received is only the navigation HTML, headers, market tickers and home-page headlines from Bloomberg —none of them related to stablecoins—. It is very likely that the article is behind a paywall, or that the download was unable to access the body of the text. Therefore, it is not possible to summarize or analyze the original article without inventing content, something this newsletter does not do.

What can be stated with certainty, because it is widely documented knowledge and not an invention, is the general context of the topic that the title suggests: stablecoins —crypto assets whose value is tied to a fiat currency, typically the US dollar— have for years been pointed to as the most plausible use case for blockchain technology in the everyday financial system, precisely because they eliminate the volatility that has prevented Bitcoin or Ether from being used as a real means of payment.

Beyond that, any detailed analysis of the specific argument in the Bloomberg article would be speculation on our part. We recommend accessing the article directly with an active Bloomberg subscription to read the original arguments of its authors.