Q&A: EXPLAINING THE FAST GROWTH OF STABLECOINS
Dec 11, 2021
2 minutes
Among the fastest-growing forms of cryptocurrency are stablecoins, which use blockchain technology like Bitcoin and ethereum. Stablecoins are distinct, though, because they are pegged to a government-backed currency, like the dollar, or to gold. With each digital token valued at, say, $1, stablecoins are potentially better-suited to commercial transactions than are other cryptocurrencies that can fluctuate in value.
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