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.