Tether was one of the most prominent stablecoins in 2018, but it faltered due to bad practices. Tether is not trusted in the industry because for a time they stopped allowing withdrawals, ceased reporting clear audits of assets and have occasionally failed to maintain enough collateral. Simply put, stablecoins are only successful in the long term if they can maintain a strong level of trust as a regulated asset.
As blockchain technologies become more accessible, we will likely see new players emerge as leaders in this industry. It will be interesting to see how incumbents prepare for inevitable disruption. We are likely to see acquisitions as well as resource investments made by existing enterprise-powerhouses to keep up with the changing times.
JoyToken has developed an enterprise-grade, infrastructure protocol designed specifically to address many of these problems rampant throughout the gaming community. They are committed to creating a thriving ‘casino-game’ ecosystem that empowers creative game devs, of all sizes, easy access to operators and clients.