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![How Do Stablecoins Contribute to Confidence in Web3? | ft. Managing Director of Fintech for Emurgo How Do Stablecoins Contribute to Confidence in Web3? | ft. Managing Director of Fintech for Emurgo](https://image.coinlive.com/cryptotwits-static/872f0db48b91370f192956ca94746aac.jpeg)
How Do Stablecoins Contribute to Confidence in Web3? | ft. Managing Director of Fintech for Emurgo
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Jan 11
39
By now, most of the world would have heard of what stablecoins are, especially with the collapse of now-infamous Stablecoin, Terra USD. But can they still serve as the bridge between web2 and web3? Will the introduction of Cardano's first stablecoin onboard more TradFi investors and companies onto the crypto bandwagon? We speak to the Managing Director of Fintech for Emurgo, Vineeth, to find out more.
Timestamps:
0:00 Introduction
1:18 You also spoke of merging, or bridging the TradFi world to the DeFi world. Do you think having stablecoins would be the key towards building confidence levels and participation in Web3.0?
2:09 Singapore has taken a fairly hard stance against cryptocurrencies, stating that “the extreme price volatility of cryptocurrencies rules them out as a viable form of money or investment asset”. What are your views on this and do you think USDA is any different?
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