Stablecoins, that are cryptocurrencies with their value anchored to government-issued currencies, are more and more widespread for funds throughout the globe, providing a extra environment friendly and cheaper method to transfer cash. As international locations roll out rules for the asset class, extra banks are getting serious about issuing their very own stablecoin. Spanish financial institution BBVA, for instance, mentioned it plans to subject a stablecoin on Ethereum subsequent yr utilizing cost agency Visa’s tokenization platform.
