The stablecoins will have the backing of various fiat currencies on the Stellar blockchain. “We want to bank the unbanked, democratize access to financial services”¦” Mateev. A report on Forbes says that Stellar has entered in a partnership with Wirex that will see the network launch 26 new stablecoins. The stablecoins will have the backing of various fiat currencies on the Stellar blockchain. There has been an increase in the number of stablecoins in the cryptocurrency industry. The stablecoins are mostly backed by fiat reserved. In fact, the company that issues the largest stablecoin in the industry Tether recently launched another stablecoin on the Tron (TRX) blockchain. According to Forbes: “Stablecoins have the potential to transform the payments space. We’re excited to be working with Wirex to launch its first stablecoins to help make money more fluid and open to everyone.” The stablecoins to be issued on Stellar protocol will be designed to be used for international fund transfers as opposed to the existing stablecoins that are suitable mainly for trading. “We want to bank the unbanked, democratize access to financial services and facilitate the integration of the burgeoning token economy,” said Mateev. “Local currency-pegged stablecoins don’t require a local liquidity provider, and can be easily and affordably exchanged to the equivalent local fiat currency.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Ripple’s XRP Price Prediction: XRP/USD battling to save $0.3000 – Confluence Detector FX Street 4 years The stablecoins will have the backing of various fiat currencies on the Stellar blockchain. "We want to bank the unbanked, democratize access to financial services"¦" Mateev. A report on Forbes says that Stellar has entered in a partnership with Wirex that will see the network launch 26 new stablecoins. The stablecoins will have the backing of various fiat currencies on the Stellar blockchain. There has been an increase in the number of stablecoins in the cryptocurrency industry. The stablecoins are mostly backed by fiat reserved. In fact, the company that issues the largest stablecoin in the industry Tether recently launched… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.