Stablecoins: The Next Big Thing in E-Commerce

Authors

  • Zoya Ahmad
  • M S Minu

Keywords:

stablecoins, bitcoin, fiat, blockchain, currency, algorithm, collateralization, Seigniorage Shares

Abstract

Abstract this paper explores the development of stablecoins industry in the field of E-Commerce. It discovers the importance, applications, advantages and disadvantages of the stablecoins. It further researches that stablecoins are positioned uniquely for acting as a medium of exchange in e-commerce. They are proving to be a great transaction method, enhancing both the efficiency and reach of e-commerce. Stablecoins differentiate themselves from their more famous yet extremely volatile cryptocurrency such as Bitcoin when it comes to price stability. Despite everything, major barriers still exist that blockchain currencies are yet to overcome.

Author Biographies

Zoya Ahmad

Dept. of Computer Science Engineering SRM Institute of Science and Technology Chennai, India

M S Minu

Dept. of Computer Science Engineering  SRM Institute of Science and Technology

Chennai, India  

Published

2021-06-26