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Digital Assets Insights
Stablecoins: The first ‘killer app’
Enhancing cross-border FX payments with real-time settlements
In partnership with Zodia Markets
Digital assets designed to maintain stable value
Digital assets have the potential to transform the future of finance and stablecoins are an initial key to unlocking this future. Stablecoins offer opportunities for a multitude of applications, such as to facilitate borrowing, lending and cross-border transactions.
About the authors
Geoff Kendrick
Global Head, Digital Assets Research,
Standard Chartered
Nick Philpott
Co-Founder and Head of Partnerships,
Zodia Markets
Key Insights
This paper delves into the construct of stablecoins, how they offer utility for payments, their potential and live use cases and the risks introduced by using privately issued stablecoins at scale.
Replicating TradFi
Stablecoins can be used to save in USD, transact in USD and cross-border USD to USD transactions.
Future use cases
Key growth areas are cross-border payments and (via non-USD stablecoins) FX equivalent transaction.
A real world use case
There has been a need for a killer application to legitimise digital assets – this is the first.
"Stablecoins are fulfilling one of the early tenets of digital assets – to create greater financial inclusion globally"
Other related insights
Stablecoins, Blockchains and the Future of Global Commerce
In partnership with Authors: Rene Michau, Global Head, Digital Assets,Standard Chartered Jeremy Fox-Geen, Chief …