Asia Ripe for Stablecoin Adoption in 2019

As we begin the new year, it's important for us to take stock of the stablecoin landscape, and be aware of what the industry should work on to benefit the user.

Most recently, big tech companies like Facebook have even been rumored to have stablecoin solutions in the works.

These types of stablecoins are essentially smart contracts where people put up collateral in a cryptocurrency to back the value of a stablecoin pegged to a fiat currency.

Simply put, more cryptocurrency ATMs means improved access to stablecoins, which will only help the ecosystem mature and evolve for the better.

The emergence of more non-USD stablecoins will signal that the market is maturing further and ready for the benefits of stablecoins globally.

With interest in this solution growing, a stablecoin with a well-developed user experience built into the remittance solution would appeal to these markets.

To drive stablecoin adoption in 2019, further development is needed in both cryptocurrency exchanges and various cryptocurrency services.

Stablecoins will be a necessary tool in order to reduce friction when sending money between counterparties as its often quicker, cheaper, and far more convenient.

Overall, consumers will benefit the most from this increase in competition with more options in providers and more locations to conduct their exchanges locally.

In the long term, with more stablecoins from various other currencies being made available, we will start to make exchanges become more liquid, enabling greater efficiency in the crypto ecosystem.