With innovations and new ideas being developed for stablecoin, it seems that stablecoin is here to stay. However, being implemented or not lies in the hands of the users and government approval.

By: Quoc Do Many people are skeptical about how an invention founded on the idea of decentralization can survive and serve its purpose after being effectively regulated by a government. What people seem to be missing when considering this phenomenon, is that cryptocurrency and blockchain operate in the periphery of a nation. The introduction of Bitcoin in late 2008 signaled an alarming increase in the public distrust of central banks and government regulations. The idea of a peer-to-peer digital currency that redistributes the power from institutions to participants, brought about a large influx of investments into Bitcoin and the cryptocurrency market as a whole. This sentiment was especially reinforced by the onset of the Great Recession just a few months prior. With crashing stock markets and defaulting banks,  many households, especially those comprised of minorities, the less-educated, or those with low-level income, suffered great losses. With the subsequent recovery and a better understanding of cryptocurrency, the total cryptocurrency market cap reached over $835 billion by the beginning of 2018 . Therefore, it is clear to …