Coinjar founder tips 'stablecoin' as the next big thing in cryptocurrency

Asher Tan, one of the wunderkind founders of Melbourne-based bitcoin exchange CoinJar, is looking out the window of a relaxed, almost hipster, shared-workspace for tech start-ups in London. It’s in a somewhat unlikely location: the 39th floor of the tallest office tower in the strait-laced banking district, Canary Wharf.

The view of London’s metropolitan sprawl is amazing. But since arriving in Britain eight months ago, Tan’s eye has mostly been focused on peering over a different horizon – trying to pick out what’s coming next in the volatile, unpredictable landscape of cryptocurrency.

Leaving his co-founder Ryan Zhou in charge of the day-to-day running of CoinJar and its 400,000 customers, he followed his girlfriend and his sense of curiosity to Europe, to see what he and his company might be missing out on. He’s attending conferences, meeting fintech companies, bankers, venture capitalists and the like, and asking lots of questions. But what has he picked up?

“The interesting thing right now, what’s on everyone’s lips, is what you call a stablecoin. A stablecoin is a coin pegged to a currency, usually the US dollar. It’s a craze right now,” he says. “It helps you transfer money around the crypto ecosystem at a stable rate. But there’s a whole lot of applications or use-cases that could come out of it.”

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Source: Coinjar founder tips ‘stablecoin’ as the next big thing in cryptocurrency | afr.com