Financial Institutions Use Stablecoins to Shake Things Up in 2020
Cointelegraph
Published Jan 26, 2020 09:52AM ET
Updated Jan 26, 2020 11:42AM ET
Financial Institutions Use Stablecoins to Shake Things Up in 2020
For most people, the word “stablecoin” brings to mind cryptocurrencies like Tether or Libra. However, there are many versions of stablecoins — ranging from those that are backed by fiat money to those that are backed by real assets or even other digital currencies.
Simply put, a stablecoin’s main aim is to solve the problem of volatility by being a digital asset that is tied to another asset with a stable value.
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Written By: Cointelegraph
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