Stablecoins: Depegging, fraudsters and decentralization

Opinion by: Merav Ozair, PhDLately, stablecoins are everywhere — this time around, headed by “traditional” financial institutions. Bank of America and Standard Chartered are considering launching their own stablecoin, joining JPMorgan, which launched its stablecoin, JPM Coin — rebranded as Kinexys Digital Payments — to facilitate transactions with their institutional clients on their blockchain platform, Kinexys (formerly Onyx).  Mastercard plans to bring stablecoins to the mainstream, joining Bleap Finance, a crypto startup. The aim is to enable stablecoins to be spent directly onchain — without conversions or intermediaries — seamlessly integrating blockchain assets with Mastercard’s global payment rails source: https://cointelegraph.com/news/stablecoins-depegging-fraudsters-decentralization?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound