Global demand grows for non-dollar stablecoins, says Fireblocks exec

Governments outside the US, including Singapore, are increasingly interested in stablecoins not tied to the US dollar, despite their currently limited liquidity, Fireblocks director of policy Dea Markova told Cointelegraph at Token2049. In an exclusive interview, Markova described the competition with dollar-pegged stablecoins as “all about sovereignty. ” She compared the situation to earlier tensions between governments and US payment giants like Visa and Mastercard. “Now we’re seeing the same dynamic with stablecoins — on a smaller scale for now — but they’re definitely emerging as a new arena for sovereign concerns,” she said source: https://cointelegraph.com/news/global-demand-grows-non-dollar-stablecoins-fireblocks-exec?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound