The pace of newer stable coins entering the digital assets’ market has picked up this year even though new scalable solutions continue to emerge for the Blockchain networks and the Cryptocurrencies volatility tracks an all-time low. For those of you who are new to the concept, stable coins act as a store of value since they are backed by fiat currencies (1:1), most notably to the U.S dollar. The peg also addresses the problem of volatility for which Cryptocurrencies have been traditionally criticized. The oldest stable coin Tether (USDT), however, has been embroiled in a spiral of never-ending controversies. Tether…...
The next generation of Stable coins is here…
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