RATE Group | Gold-Backed Stablecoin Makes List of Best Investment Advice
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Gold-Backed Stablecoin Makes List of Best Investment Advice

28 Nov Gold-Backed Stablecoin Makes List of Best Investment Advice

Posted at 06:54h in Cryptocurrency News by

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Cryptocurrency, Stablecoins–The last two weeks have been a tumultuous time for cryptocurrency investors and advocates, who have watched the market capitalization of the industry fall by $90 billion, or nearly half of its valuation since the start of the month. However, some optimism is growing in the space as the committed developers and future-seekers for the technology shun the daily obsession over price changes and focus on new adoption.

Stablecoins, made popular by Tether’s USDT currency, have been a growing subfield within cryptocurrency as a natural outlet for investors and developers frustrated with the extreme price volatility of BTC and the likes of altcoins.

While Tether, which has minted $1.83 billion worth of USDT, appeared to have the market cornered only just a year ago, the company has given way to competition over scandals related to its bank holding and dealings with exchange Bitfinex. Instead of being the go to currency for those looking to transact in a…

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