- Keynote Session III
- Role of Stablecoin in Growing the Real GDP of Blockchain Economy
- 2018-09-14 10:40-11:20
- Billions of dollars and countless projects have entered the crypto space, but not a single one can claim to have achieved mass adoption. Stablecoins are a necessary step for crytocurrency to enter the mainstream, given extreme price volatility of existing tokens have eliminated themselves from serving the very basic functions of a "currency". However, stability itself is not enough. We must recognize that there is significant switching costs for users to convert away from fiat money, and it is not enough to build a token that is robust, but also need to design a token model that can pay forward for adoption. The session will discuss how Terra will introduce stability into the ecosystem in a way that will drive massive adoption and grow the real GDP of the blockchain economy.