What is happening with dollars on chain? How far can this go?
Our whitepaper tackles the most explosive phenomenon currently taking place in the crypto industry: the rampant growth of sovereign currencies on public blockchains. Today, over $11.5B worth of these stablecoins, or cryptodollars, exist in the wild. We consider their history, evaluate their future prospects, and cast the spotlight on some of the startups building with these novel tools. This paper presupposes no prior knowledge of the crypto industry.