How stablecoins stay stable, explained
Cointelegraph
Published Jun 24, 2021 02:10PM ET
Updated Jun 24, 2021 03:40PM ET
Crypto-backed stablecoin Free TON aspires to provide a layer-two solution for Ethereum’s scalability problems.
With overloaded Ethereum increasingly choked by slow transaction speeds and widely overinflated gas prices, the Free TON stablecoin will be a “true layer-two solution with immense upside,” TON Labs added. “The application of Free TON’s second layer solution does much to remedy these problems. With the stablecoin, super cheap microtransactions can now be made and in a fraction of the time it would take on the original blockchain.”
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Written By: Cointelegraph
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