Blockchain infrastructure provider Paxos has published a report identifying key opportunities for projects during the crypto winter, including seeking solutions and partnerships. Stablecoins are identified as one of the crypto use cases that have consistently proven themselves over time, but there is still room for improvement in terms of transparency over reserves. The report also emphasizes the importance of partnering with businesses that implement technologies meeting the real-world needs of the financial sector. The CEO of the Stellar Development Foundation has argued that the US regulating stablecoins may be necessary to keep the dollar strong globally. However, a Bank of International Settlements working paper has likened stablecoins to bearer instruments and deemed them a less preferable form of tokenized money.

(By EZRA REGUERRA)