An Op-Ed of USDX Wallet Founder & CEO

Blockchain and crypto: now

Cryptocurrency, as a store of value, is the only successful mass product in the blockchain industry, so far. On the other hand, the deflated nature of top cryptos keeps them from becoming the real medium of exchange. Stablecoins pegged to one of the leading currencies are here to address this problem and to fill in the vacuum.

There are lots of ”blockchain-powered” projects, and new ones are frequently popping out, but there is no project that could be called a “killer app.” It looks like a “stablecoin-related” project will be The one. It won’t happen next year, but it’ll come in the next three years.

The biggest problem of current stablecoin projects is the following: they try to create a perfect stablecoin, with a working mechanism that doesn’t encounter difficulties. This is erroneous thinking. All projects are aimed at their targeted users, who don’t care about tech perfection. What they do care for is the solution to their problems: hustle-free transfers, usability, speed, price, etc. Another problem — at least for some participants of the industry — is interest from institutional and big players. The latest news about Facebook plans to launch their stablecoin is the perfect example. This means that opportunities are here and major corporations are seeing them. However, it will be challenging for them to succeed: regulations significantly limit their “movements.”

Blockchain and crypto: tomorrow

Taking into account all the latest developments in the industry, here is my 2019 forecast: