Union Bank to released "Stable Coin"

[bitgolden]

I Think that Philippines is still one of the most friendly country when it comes to cryptocurrency adoption and it is really a good thing that they have accepted it wholeheartedly, and I do hope that other countries follow their footstep, because ever since this country has supported cryptocurrency, especially bitcoin, it has been of nothing to them but blessing, they already know how to make the regulation.

I also give kudos to union bank for doing what other banks have failed to do, while other banks are complaining and looking for a way to kill crypto, union bank was probably looking for ways to explore the big opportunities in crypto and believe me, they will get more clients now that they have introduced crypto ATM, and also created their own cryptocurrency, although stable coin, but still way to go.

[Delilonia1]

Image Source

There are still banks who are very optimistic about cryptocurrency. One of those is the Union Bank of the Philippines. Before, they launched  ATM machines which indicates that they are supporting bitcoin and  can possibly step forward about mass adoption. This creates positive impact about blockchain technology.

Aside from that, Union Bank confirms that they will now releasing their own "Stable Coin".. They want to minimize the volatility which bitcoin and other coins are giving, that is why they have decided to make a stable coin. Take note that they are now have a permit from BSP (Bangko Sentral ng Pilipinas) which approves virtual currency exchanges and other money/financial issues.

This is an overview of their stable coin:

Project i2i—or island-to-island, institution-to-institution, and individual-to-individual—is UnionBank’s clearing system that connects rural banks through blockchain technology

This somehow excites me, I know there are a lot of stable coin now in the crypto market. But knowing our prestigous Bank (Union Bank) is launching this kind of crypto stable coin makes me realized that mass adoption is really near to achieved especially in our country.

This is the link if you want to further read the news.

Waoh!!! This is really beautiful and exciting. I'm sincerely impressed beyond measure that initiatives like this are coming up. This is really a good front for all of us in the crypto space

[kindbtc]

After jp morgan and now union bank i think it is easy to foresee that all big banks and financial institutes will follow this trend, personally i cannot wait to see tokenized shares and stocks so that stock exchanges will be completely transformed in to tokens and people living in any region will be able to invest in any global company stock hassle free.