The Dark Horse Asset Class Powering Crypto

Stablecoins are the most important asset in crypto.

As we’ve seen Bitcoin’s price go from a fraction of a cent to over $65,000, people have lost sight of the fact that Bitcoin was originally designed to be a digital currency.

The title of the original Bitcoin Whitepaper: “Bitcoin: A Peer-to-Peer Electronic Cash System”

But Bitcoin’s hard supply cap and, by extension, hyper-deflationary nature, have made it a decent speculative asset (with price increasing as more and more people buy into Bitcoin) but a terrible currency. That’s where stablecoins come in.

Stablecoins are the future of crypto

There’s a reason people around the world like to transact in USD, EUR, and other fairly stable fiat currencies. Stable currencies allow for the execution of long-term financial obligations where everyone involved can rest easy knowing that the currency they’re trading with is going to maintain a relatively similar value over the course of their agreement with each other.

And if you think about it, almost every significant transaction in your life is a long-term transaction: from your day job to your taxes to your rent and utilities to your car payment to any form of insurance, etc, etc, etc. This…