The words’ north’ and ‘south’ in the economy are common, and they have a strange and distressing usage. The north and south represent a deep crack, an economic gap, the thin line between total wealth and pure poverty. Those in the north benefit from all the natural or artificial gifts, while the southern coast is gray and without the color of life. In order to prevent threats from the south, the northern people have built dams made of thoughts and culture. These dams have created a one-dimensional economy that nobody can cross its canyon and roaring river. However, there are signs that point to a crack on the wall. Signs with economic, decentralization and cryptocurrency marks on them. Southern people think it is possible to cross the river and penetrate the one-sided economy of the northern people.
Cryptocurrencies are expanding their roots, and it gradually makes more hopes for justice. Cryptocurrencies have occupied the south shore and threaten the north shore. But there is still an important question: what will connect these two shores? The transcend virtual-tech-based economy is undoubtedly a new path for humanity, but all the ways in the world, whether roads or railways, end in the canyon and the roaring river.
It’s crystal clear that a bridge must be built to connect these two sides — a bridge with both virtual, cryptocurrencies and traditional, tangible currencies’ features.
A suitable bridge is needed for every tool. This bridge is made of transparent, blockchain cryptocurrency with speculative features. It must be powerful to be used fiat currencies and also to store value. And most importantly, be able to create a monetary flow between tangible and traditional space and crypto-virtual currencies.
Stablecoins are the hopeful signs that reliable and functional bridges are being built. These bridges, with Tether in the driver seat, have managed to serve well. These stablecoins work based on blockchain technology while having fiat features.
Stable coins are assets with a stable price that can be easily used anywhere globally without relying on fiat currencies and traditional systems like Visa. People can transact with them and buy anything like other cryptocurrencies. Traders can use stablecoins as safe heaven when the market is fluctuating. And more importantly, people win the economic race and safely reach the northern shore. Tether, as a successful example of stabelecoins, has monetary transparency. This transparency allows users to understand Tether’s current state which provides great security.
The bridge is being built, and reaching the northern shore has never been this easy.
