Blockchain Proponent Nigel Hughes Bets Heater Stakes High On Stablecoins Defi

Blockchain Proponent Nigel Hughes Bets Heater Stakes High On Stablecoins Defi

defi-disrupted

Created as an alternative to the inherent volatility of cryptocurrencies such as Bitcoin and Ethereum, stablecoins are marketed as viable payment solutions for corporate blockchain use cases, since traders should - in theory - not hesitate to accept them. Speaking of traders, there are rumors that PayPal (NASDAQ: PYPL) could implement its own stablecoin, having recently announced support for a variety of cryptocurrencies.

The emergence of decentralized finance (defi) - a subset of the crypto market comprising tools to interact without confidence with open financial protocols such as savings and lending - highlighted stable currencies such as DAI and USDT, providing them with a myriad of use cases.

An anonymous community-oriented defi protocol, BXTB wants to transform the stable currency market through a yield-generating currency suitable for corporate use cases. Initially, his ambition is to unify the payment and settlement systems of the multibillion-dollar gambling industry, partnering with operators, platform providers and publishers to ensure a reliable and continuous betting experience.

Read the full story at: finance.yahoo.com.

Publisher

    Comments are closed.