SendGold contributes to the PwC Stablecoin Market Insights
Recently SendGold were asked by Price Waterhouse Coopers to contribute to their report on global cryptocurrency stablecoins.
Stablecoins seek to smooth out the price volatility that is widely seen as an adoption deterrent for cryptocurrencies including Bitcoin and Ethereum.
Given its successful track record of value preservation over centuries, and its universal appeal across every culture in the world, we believe gold is potentially very well suited to the stablecoin role.
While the report minimised the risks inherent in stablecoins that use currency pegs, we think the report does offer some unique insights into this exciting chapter in the evolution of digital money.