RATE Group | An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend
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An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend

13 Aug An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend

Posted at 01:08h in Cryptocurrency News by

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An In-Depth Look at the Cryptocurrency Economy's 'Stablecoin' Trend

Finance

Back in the early days, cryptocurrency enthusiasts used to laugh at the thought of a stable cryptocurrency pegged to a specific fiat currency like the US dollar. Although nowadays things have changed and the digital currency tether (USDT) captures more cryptocurrency trade volume than most of the leading nation-state issued fiat currencies like the USD and JPY. Moreover, the past year or so more ‘stablecoins’ have been entering the crypto-economy, and some individuals think stablecoins are necessary elements for the future of this technology.

Also Read: Wormhole Mainnet and Developers’ Guide Launched

The ‘Second Bitcoin White Paper’ Written by JR Willett Unleashes the ‘Stablecoin’ Idea in 2012

‘Stablecoins’ —…

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