Stablecoins and clearing banks: merging traditional banking with digital innovation

Written by Leven Li from Enabler Compliance Ltd

Stablecoins are a digital asset that aim to provide price stability, typically by pegging their value to an external reference or reserve, such as a specific amount of a commodity or a fiat currency like the US dollar. The design specifically focused to counteract the significant volatility seen in other cryptocurrency prices, making them more suitable …