Blockchain wallet will add support for stablecoin
Popular web wallet for storage of cryptocurrencies Blockchain intends to become a partner of the issuer of one of stablecoins to the end of the year. About it reported CEO company Peter Smith speaking to The Block.
“There is a fierce struggle going on between stablecoins. Everyone is competing for distribution. I think this will be a very interesting market. Coming soon to him come and we, ”Smith said.
He refused to tell what exactly will be planned cooperation, but confirmed that Blockchain “will add»Stablecoin. Previously the company has invested in several unnamed stablecoin issuers, notes The Block.
“I think that everything large stablecoin projects now need us. Question in Tom, which one we need, ”Smith said, adding that his platform is an an extremely attractive stablecoin distribution channel, having 32 million registered wallets, “most of which active“.
Smith named a promising candidate, not confirming him directly: “There is now one stablecoin, which the used most of all, besides Tether, but forgot about it all the time – this Paxos. Paxos has the highest volumes trades, the deepest liquidity and the largest capitalization. But they don’t have a retail partner to promote their brand “.
By words Smith, their interest in stablecoins conditioned by themes, that large cryptocurrencies, in Tom number of bitcoin, with time turn into investment instruments, at the same time losing the payment function. “Our activity is not comes down to simplify the process of investing in bitcoin. we doing creating a better way to gain access to financial services. Stablecoins give us possibility open bank accounts in dollars USA for anyone willing“, – added is he.