Is mobilecoin a stablecoin?

MobileCoin, a cryptocurrency and payments firm focused on privacy, has launched a stablecoin called “Electronic Dollars” in collaboration with stablecoin platform Reserve (eUSD). According to the company, eUSD is fully collateralized and is specifically designed to protect users’ private transactional data.

Is stablecoin the future of virtual payments?

Op-ed: Stablecoin is the future of virtual payments. How wise regulation can foster its growth Today, virtual payments – for instance, using credit cards and payment processing services – require middlemen to facilitate the transaction. This can be costly and slow. Bitcoin paved the way for a virtual payment network with similar properties to cash.

What is stablecoin EUSD?

The stablecoin eUSD is built on the MobileCoin blockchain, which, according to MobileCoin, is optimized for mobile devices. Apparently, MobileCoin was originally designed for integration with encrypted mobile messaging app, Signal.

What are private stablecoins and how do they work?

Private stablecoins allow payers to get as close to the benefits of cash as possible. As such, it is no surprise that the global demand for these has grown from $28 billion issued at the beginning of 2021 to $109 billion issued today, an almost four-times increase in just six months.