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Unite to Succeed: Swiss Stablecoin Association Hopes to Break the Ice

imageCryptocurrency12 hours ago (Aug 03, 2020 05:00PM ET)

Unite to Succeed: Swiss Stablecoin Association Hopes to Break the Ice

The recent formation of the World Stablecoin Association in Switzerland was done with the goal of creating a united front for the sector to tackle regulatory concerns and drive collaboration. Stablecoins are becoming an increasingly important, widely used medium of exchange in the cryptocurrency community, with industry leaders such as Tether (USDT) and USD Coin (USDC) enjoying immense success in 2020.

Tether hit a milestone toward the end of July, surpassing $10 billion in market capitalization as fiat currency continues to be converted into the stablecoin. Meanwhile, USDC celebrated breaking the $1 billion market cap threshold at the beginning of July, just a few months shy of its second birthday.

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Unite to Succeed: Swiss Stablecoin Association Hopes to Break the Ice

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