How OIN is Playing a Vital Role in Crypto Adoption through its Stablecoin system
In order for extraordinary innovations to be adopted in mass, certain criteria must be met. In the case of a currency, for example, it must observe 3 qualities in order to be viable. Most cryptocurrencies function exceedingly well as a store of value, and even add decentralization and extra functionalities to money, but nevertheless fail to meet all the necessary criteria.
In the current crypto ecosystem, stablecoins are the only cryptocurrencies that can effectively function as a viable and sound digital currency. Bitcoin and other cryptocurrencies are too volatile to work as a medium of exchange, failing to captivate merchants and the average person. That is why, in order to reach its audience, Facebook was designing Libra to be a stablecoin pegged to the US Dollar.