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Facebook’s Libra Serves as Signal That Fintech Firms Like Visa, Paypal, Booking.Com Were Eager to Explore Stablecoins, Blockchain Advisor Argues

“An increase in the supply of Tether has been seen as a positive leading indicator especially for Bitcoin demand. The thinking is that increased issuance of Tether [leads to more] buying. Tether`s price fluctuates around $1. The issuing company, Tether, aims to manage the supply so that it does not trade at a significant premium or a discount for an extended period.”

Source

Crowdfund Insider (link opens in a new window)

Categories

Finance

Tags

blockchain, cryptocurrencies, economic development, Facebook, financial access, libra, stablecoin