Why stablecoins are important to the global economy

Stablecoins now have a market capitalisation of $155 billion. However, central banks have put regulation in place to prevent them from being minted by private companies. Schroders explores the position of stablecoins in relation to blockchain, assessing the need for regulation for the currency. Assessing the current position of the stablecoin market and payment infrastructure, this piece discusses their positive economic impact.