Stablecoins in the Global Economy: It’s About Co-Existing, Not Competing

[kreslik.news]

The cryptocurrency markets are characterized by volatility. According to 99Bitcoin’s collection of “Bitcoin Obituaries”, Bitcoin has “died” 315 times (and counting.) Investing in Bitcoin is an emotional and financial rollercoaster–you never know when you’ll be rewarded or when you’ll be burned.

Some argue thatstablecoins were created as a sort of “antidote” to this volatility. A stablecoin is as its name suggests–a kind of cryptocurrency that has been designed to maintain a fixed value. In most cases, a stablecoin is “pegged” (collateralized) on a one-to-one ratio with a national currency–most commonly, USD or EUR.

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