- ‘Stablecoins’ are the hottest thing in crypto right now, with over 50 projects in development.
- A ‘stablecoin’ is a cryptocurrency that’s price is pegged to a real-world asset like gold or the dollar.
- Here’s a guide to what they’re used for, how they work, and why people are excited about them.
LONDON — The latest innovation in the fast-moving world of cryptocurrencies is the “stablecoin” — cryptocurrencies pegged to real-world assets such as the dollar or gold.
A report from crypto wallet provider Blockchain released this week found that “the number of active stablecoin projects has dramatically increased over the past 12-18 months and more than a dozen project teams have stated they plan to launch in the coming weeks/months.” There are now over 50 in development globally.See the rest of the story at Business Insider
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See Also:
- A UK startup is planning to develop a ‘crypto pound’ as the sector goes crazy for ‘stablecoins’
- Chinese bitcoin mining giant Bitmain had revenues of $ 2.8 billion in the first half of the year
- 75 banks have joined JPMorgan’s blockchain payments ‘party’
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