Michael Best's Cheryl Aaron was quoted in Block Publisher's article, "The Role Of Stablecoins for the Crypto Market in 2019" on January 24, 2019.
Stablecoins have been seen as an important stakeholder to the crypto market cap as they are crucial to incoming investment and inherently eliminate volatility from the market. Asset holders buy stablecoins that are pegged to major cryptocurrencies and keep their presence in the digital market while basically owning fiat. They act as store of values and mediums of exchange for users, while persisting to maintain stability in the crypto market.
"There will be a few key drivers of mainstream cryptocurrency adoption in 2019. The first is the rise of stablecoins, which are a type of cryptocurrency designed to minimize volatility – one of the key reasons that certain investors and businesses have avoided cryptocurrencies to date," stated Aaron.
To read the entire Block Publisher article, click here.