The upsides and downsides of adopting stablecoins
A mix between cryptocurrency and asset-backed money, this new form of payment could work for SA
13 November 2019 - 13:45
Stablecoins have recently gained a lot of attention from global regulators. They are a new form of cryptocurrency (sometimes also called crypto tokens) that are pegged to an asset.
Where cryptocurrencies find their own value based on supply and demand, the value of a stablecoin is determined by the price of the assets it is pegged against. Already, there are quite a number of stablecoins in issue...
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