On 16 January 2019, Luzius Meisser, a board member of Bitcoin Association Switzerland, told a Cointelegraph correspondent in an interview during the Crypto Finance Conference held in St. Moritz, Switzerland that he believes stablecoins and security tokens will be the main focus of the next wave of crypto innovation.
Aside from being a member who co-founded Bitcoin Association Switzerland, he is also a computer science and economics master’s degree holder, actively involving himself in the crypto world and following Bitcoin (BTC) closely since as early as 2011. Moreover, he serves as a member of the board of directors of Bitcoin Suisse AG, a regulated crypto financial broker, asset manager and service provider.
Meisser stated in the interview that security tokens will become more popular and common as demands for increased protection by ICO (Initial Coin Offerings) investors continue. Considering the medium-term future of the crypto industry, he expects there to be a notable change in the ICO sector where investors are currently treated almost equally as donors. He added that “payment and utility tokens are more or less over, sometimes they make sense”.
However, he excluded certain stablecoins that operate under decentralized mechanisms which allowed them to be considered as payment or utility tokens instead of being securities. He explained that stablecoins are tools capable of enabling “average companies to bring their equity onto the blockchain”. He further added that if the firms would ideally want their bonds or shares to be issued in forms that are comparable to fiat currencies such as the U.S. dollars, euros or Swiss Francs instead of cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH). Thus, he speculated that stablecoins might play a significant role in the future of the blockchain industry.
It is worth noting that multiple firms and famous names have been interested in stablecoins lately. For example, the twin founders of the crypto exchange Gemini, Tyler and Cameron Winklevoss, launched the Gemini dollar (GUSD) back in September 2018, which is a stablecoin that is dollar-backed and regulator-approved by New York. Additionally, Facebook reportedly created a research team for a stablecoin planned to be introduced for Whatsapp, mainly targeted at the Indian remittances market.
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