Can Stablecoins Be the Answer to Cryptocurrency’s Biggest Problem?

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Cryptocurrencies and Blockchain Technology probably represent one of the most radical and dynamic ways of redefining the future of our financial systems. Being characterized by decentralization, working on a peer-to-peer network, having complete anonymity, non-taxable nature, etc. they present an idyllic scenario of what finance should be.

However, when it comes to existing reality, they are found to be very divorced from it. In other words, cryptocurrencies like Bitcoin are too great a departure for them to become complete mainstream entities and be accepted as legal tender by governments, and financial institutions.

It should be pointed out that such issues should not take away all the incredible benefits of cryptocurrencies. For example, their transaction speed, their idea of holding global value across countries and continents and being completely safe and secure (un-hackable).

In this article, we are going to look at ‘Stablecoins’…