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IBM Creates Stablecoins for 6 Banks


slavaan

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Posted

Well its good to hear a news that banks are being involved rather than banning or going against crypto. Hope this becomes true asap.

Posted

Thanks for the post! I definitely like to see news updates pertaining to the crypto market. 

I feel the shift to stablecoins is inevitable so the sooner the better. Imo of course...

 

Posted
33 minutes ago, slavaan said:

It certainly seems that the cryptocurrency industry is shifting towards stablecoins. Now IBM is creating for 6 different banks stablecoins based on the Stellar cryptocurrency, and that's already JP Morgan released its own stablecoin.

https://all-stocks.net/ibm-to-create-fiat-backed-stablecoins-for-6-banks-with-stellars-xlm/

What do you think? Are stablecoins the "next big thing" in crypto or maybe they're just a phase?
 

this is terrible news.. jp morgan ... banks.. just terrible.. if banks gets control of crypto, its going backwards not forward.. banks are corrupt greedy corporate owned shit hole.. sad day.. 😔

Posted
6 hours ago, KiXxnTRiXx said:

this is terrible news.. jp morgan ... banks.. just terrible.. if banks gets control of crypto, its going backwards not forward.. banks are corrupt greedy corporate owned shit hole.. sad day.. 😔

Don't let it worry you KiX!  Citibank just pulled OUT of a crypto project.  So no need to worry about them taking over, besides better to have them on board to legitimize crypto than to be constantly saying it's a scam.

Posted

I feel that things will get to complicated if the whole JP Morgan  thing pans out.  I sure hope your right wry because i have to say that kix does make a good point.

Posted

We need stable coins if the big companies are to adopt crypto. I think that is why the price of bitcoin is settling down at $4000, so that it can be stable and hopefully be welcomed by big banks and big companies.

Posted
4 hours ago, williamshennie9 said:

We need stable coins if the big companies are to adopt crypto. I think that is why the price of bitcoin is settling down at $4000, so that it can be stable and hopefully be welcomed by big banks and big companies.

I hope so bitcoin doesn't stabilize because It has to rise so we can get some profits. 

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