Stablecoins: The Next Big Thing in E-Commerce
Keywords:stablecoins, bitcoin, fiat, blockchain, currency, algorithm, collateralization, Seigniorage Shares
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.