The Unstoppable Trajectory: Stablecoins Are Evolving Traditional Finances

Cointelegraph | Jan 23, 2020 at 2:00 AM
  • Stablecoins may represent crypto’s best chance of achieving mainstream success and recognition from the traditional financial systems.
  • In an attempt to rectify this and put more money in public coffers, the California state government recently announced legislation approving the collection of tax payments in cryptocurrency.
  • This came after Berkeley City councilmember Ben Bartlett became the first elected official to purchase cannabis — which is, of course, legal in the state — using digital assets including Bitcoin Cash (BCH) and the stablecoin Universal Dollar (UPUSD).