Stablecoins and GamingIn last week’s announcement, the U.S. Department of the Treasury made a particular emphasis on the “retail” uses of stablecoins anticipating widespread use in e-commerce, social applications and of-course, gaming and esports. The COVID-19 pandemic has given an extra boost to the gaming industry, with more consumers enjoying home-based entertainment. Stablecoins are a logical step for the gaming and the esports industry, providing seamless borderless payments for a global network of participants. Zytara is one of the latest fintech companies looking to tackle gaming payments using stablecoins, though a newly formed partnership with Prime Trust. The latter is a fork of Stellar, which has also been actively involved in furthering the stablecoin industry.

Source: Forbes December 28, 2020 15:45 UTC