eToro, a leading financial platform, has announced that it plans to issue a stablecoin in the near future. The plans were revealed at the Finance Magnate’s London Summit 2018.
eToro’s CEO, Yoni Assia, stated that the social trading platform would definitely issue its native stablecoin in 2019. However, eToro didn’t give exact timelines for the launch of its stablecoin.
The stablecoin trend is on the rise as many crypto firms want a fiat backed cryptocurrency.