Stablecoins Could Unleash Wall Street Adoption Of Blockchain Technology
Stablecoins’ growing prominence suggests a shift in the crypto market -- one that is free from the historical volatility of cryptocurrencies, and, many believe, the path to mainstream adoption in the traditional finance world. This is because stablecoins offer a reliable on-and off-ramp for investors, providing the legitimacy associated with traditional fiat currencies, increasing transparency, and removing the need for multiple costly transfers between crypto and fiat currencies. One major market in particular that stands to benefit from stablecoins and the supporting blockchain technology is real estate finance.
For example, one such company has successfully launched the first real-world application of a stablecoin being applied in structured finance today. Fluidity Factora has released a real estate token called FACTOR-805, which will allow investors the option to both make payments and receive interest in Dai, the digital asset-backed stablecoin from MakerDAO, which has maintained a soft peg to the U.S. Dollar since it was created in 2017. Fluidity Factora is a blockchain technology company formed by the recent union of Fluidity and Propellr, a structured finance platform with years of expertise in private securities and an integrated broker dealer.
MakerDAO is an amazing project whose technology provides an essential component to the expanding token ecosystem,” added Todd Lippiatt, Co-Founder and CEO of Fluidity Factora. Evolution Through Stablecoins
Adoption of this ingenious hybrid -- the first tokenized structured debt security, and the first integration of stablecoin for payment and interest -- will require buy-in from both investors and the issuers providing the opportunities. Once this is achieved, evolution in this market is possible with stablecoins and blockchain technology.
