According to Allaire, the fundamentals of the technology behind Bitcoin and other cryptocurrencies have been advancing at a very rapid rate, and there’s now a broader understanding of the newly-formed crypto asset class. Allaire added that there is also a belief that next generation blockchain platforms, such as Facebook’s Libra, will lead to the adoption of these technologies by billions of people around the world.
Allaire went on to explain the differences between a stablecoin, which is usually backed by a single fiat currency or a basket of fiat currencies, and something like bitcoin, which is intended to be a global, apolitical store of value and medium of exchange on its own with no attachment to the legacy financial system .
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