Yahoo Finance 
Sexy Stablecoins Are the ‘Bridge’ to Mainstream Crypto Adoption
By CCN: Stablecoins on the surface might seem boring. After all, most don’t come with the volatility that’s inherent with most cryptocurrencies, especially bitcoin, and therefore have an entirely different risk/return profile. Stablecoin Tether (USDT) has been an exception to this rule after it lost parity with the U.S. dollar last year amid questions about its reserves.
Make no mistake, however, stablecoins, most of which are pegged 1:1 to fiat currencies such as the U.S. dollar, are a vital part of the crypto ecosystem, one that will help to unlock the institutional capital that has been trapped on the sidelines and bring crypto closer to wide-scale adoption.
If anybody knows this, it’s crypto exchange CEOs such as ShapeShift’s Erik Voorhees. ShapeShift doesn’t have its own stablecoin, nor does it plan to create one. But they don’t have to, considering there are “plenty of good current projects,” according to Voorhees, who stated:
“Stablecoins are important in the same way that a bridge is important. You may not care much about the bridge, but without it, the beautiful land beyond is much harder to get to.”
100% agree, we need to create bridges between the old work of finance to the new world of digital finance
— Yoni Assia (@yoniassia) April 19, 2019
The “beautiful land”, of course, is crypto, and the migrants are investors and consumers. Voorhees previously stated:
“A stable crypto coin is super useful… Both for the rich finance person who needs stable collateral against smart-contracts, and the poor Venezuelan trying to take shelter from currency debasement. Not a replacement for BTC or true cryptos, but a helpful augment to them.”
