Cross-chain stablecoin payments

Stablecoins are digital currencies whose value is pegged to another asset, often a fiat currency such as US$ or £ or €, sometimes a commodity such as gold and typically run on a blockchain-powered platform. Fiat-backed stablecoins, cryptocurrency-backed stablecoins, commodity-backed stablecoins and algorithmic stablecoins are the four most common types of stablecoins. 

What is cross-chain technology?

Cross-chain technology is a concept which aims to improve the compatibility of different blockchain networks. Bitcoin is a cryptocurrency which aims to replace conventional cash and Ethereum-developed smart contract technology to help make the financial sector more inclusive. Users of either Bitcoin or Ethereum blockchains cannot exchange data between Bitcoin and Ethereum because of lack of interoperability but cross-chain technology makes use of the fact that blockchains are different, yet have similar underlying systems. Cross-chain interoperability is becoming increasingly crucial as blo…