Our first blockchain conference is fast approaching, so what better time to take a moment to delve into one the more controversial aspects plaguing the cryptocurrency industry: stablecoins. Stablecoins are a special kind of digital asset. As the name suggests, the value of a stablecoin token is meant to be stable, valued equally to that of a real-world asset, such as the dollar or gold, and they are often used in their stead. This gives a stablecoin two major advantages: a lack of volatility – which is a problem for even some of the bigger cryptocurrencies – and a certain…
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