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Stablecoin

Blockchain is eyeing a stablecoin partnership it says could ‘shift the market’

Quick Take

  • Blockchain is looking to partner with a stablecoin by the end of the year, although the CEO would not disclose which one
  • He said the company wants “to build a better way of giving people financial services” and that “stablecoins give [Blockchain] the power of giving everyone a US dollar checking account.”

Blockchain, the largest cryptocurrency wallet provider, is looking to partner with one stablecoin by the end of 2019, CEO Peter Smith told The Block. The company has its sights on becoming one the biggest names in the crypto market and says it has “an obsession” with pegged cryptocurrencies.

“There’s a big race between stablecoins right now… Everyone is competing very hard to get their stablecoin out there and to have distribution.