How much longer before payment giants move in on the stablecoin market?

In a week where all eyes came in obsessively fixated on the bitcoin halving, one could argue that the actions and comments from large corporates have been the more significant developments to transpire this week.

It was a week of notable firsts, including: reports that J.P. Morgan is now providing cash management solutions for both Coinbase and Gemini (according to the Wall Street Journal), Visa CEO Al Kelly acknowledging fiat-backed digital currencies as an emerging payment technology on the day the U.S. Patent and Trademark Office published a Visa patent filing for the creation of a digital fiat currency, and news that Reddit is now beta testing two Ethereum-based tokens for users to earn rewards for contributing content.