You can’t have missed the stablecoin vibe. While bitcoin and the rest of the crypto market are in the doldrums after falling from record highs in October, everyone else is talking about issuing tokens whose value is fixed, pegged to a real-world asset. Mostly the dollar.
Not only the dollar, of course. This week alone, AllUnity, a German joint venture between DWS, Galaxy, and Flow Trader, issued a Swiss franc-based token (CHFAU) and SBI Holdings and Startale Group introduced a yen version (JPYSC). Earlier this month, Agant said it’s working on a pound stablecoin, and Hong Kong said it plans to start handing out stablecoin licenses in March.
Then there’s the revelation that Mark Zuckerberg-led Meta (META) is looking to add…
