RE: Web 3.0 Grows: Another Potentail Entrant Into The Stablecoin Market
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Thanks for sharing this. I haven't seen or heard of it, but I think it is something worth monitoring. Depending on how it performs, and the different use cases introduced, some companies might imitate Sony. Using Yen is unusual, but if it works, others national companies can do the same. Sony opting for Polygon is huge for the blockchain. Hive with its gas free transactions might have been the better option. Those Hive Lite accounts can't come sooner.
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I think it is a good bet that other companies will follow. My view is that we will see many stablecoins issued by private corporations. It seems they will all have to adhere to the asset backing concept.
I agree. I can still get behind that though. If it will decrease prices [no more credit card / middleman fees], and maybe make currencies less of a problem [no need to convert/exchange currencies abroad; which also has fees]. Then I think that is already a win.