With Amazon and Walmart exploring stablecoins, institutions may be underestimating potential exposure of customer data on blockchains, posing risks to privacy and brand trust.
Opinion by: Fahmi Syed, president of the Midnight Foundation
Stablecoins have become the most sought-after innovation in blockchain since Bitcoin. Their appeal lies in their undeniable utility, offering the speed and flexibility of digital assets with the stability of fiat, becoming a natural link between traditional finance and decentralized systems.
Now, stablecoins are enjoying a rapid adoption rate, especially in emerging markets where they enable fast, low-cost cross-payments and provide a buffer against currency volatility.
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