2021-10-20 00:00:42

Stablecoin, Less Volatile Than Its Bitcoin, Ethereum Cousins, Is Here to Stay

The techno-anarchist pioneers of cryptocurrencies believed they were creating a new form of unregulated, decentralized money. They couldn’t have been more wrong.

While Bitcoin and Ethereum did succeed in spawning a highly speculative alternative asset class that has come to enjoy wider use and popularity, the innovation that’s really set to challenge fiat cash is stablecoin: the less turbulent corridor through which investors reach volatile digital tokens.

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