The crypto world is going wild for 'stablecoins' — here's everything you need to know about them

October 1, 2018

 

The latest innovation in the fast-moving world of cryptocurrencies is the "stablecoin" — cryptocurrencies pegged to real-world assets such as the dollar or gold. A report from crypto wallet provider Blockchain released this week found that "the number of active stablecoin projects has dramatically increased over the past 12-18 months and more than a dozen project teams have stated they plan to launch in the coming weeks/months." There are now over 50 in development globally. Here's everything you need to know about the hottest new area of crypto: "Stablecoins" are cryptocurrencies whose prices are linked to a real-world asset. In theory, they could be linked to anything, but the majority are linked to currencies such as the dollar or euro.

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