Stablecoins: the first killer app

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“Stablecoins: the first killer app”, is a report that has been co-authored by Nick Philpott, Co-Founder of Zodia Markets and Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank.

Stablecoins were initially designed to facilitate trading, lending, and borrowing in digital assets, primarily on digital asset trading platforms (centralized exchanges, or CEXs). However, we are now witnessing a shift from these original purposes toward “real-world” applications akin to those provided in traditional finance (TradFi). Stablecoins are being used to save in USD terms, to transact in USD terms and for cross-border USD-to-USD transactions. This report explains the unique role that stablecoins are playing in replacing traditional financial instruments and some of the risks associated with that shift.

The report discusses the following:

  • What stablecoins are and how they are being used for traditional finance (TradFi) purposes.
  • How Stablecoins will revolutionize the world of cross-border payments and the associated risks.
  • What are some real-world examples of how stablecoins are driving the future of digital finance.
Stablecoins - the first killer app content

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